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Question

Why my wages box 1 is less

Forum|Forum|4 years ago
January 26, 2022
1 reply
9 views

Hello,

I wanted to know why my wages in box 1 is less then my SS in box 3 and Medicare box 5? I haven't changed anything and I have no dependents.

I don't want to get in trouble with the IRS and just want to know why that amount is lower this year?

Alumni - Intuit

Box1 is less than box3 and box5 because you have pre-tax deduction.

Examples of Pre-Tax Deductions:

Retirement Savings.
401(k) Contribution Limits.
Employer high deductible health plans and health savings accounts.
Flexible Savings Accounts.
Group Insurance Plans.

Generally these pre-tax deductions are listed in either box 12 or box 14.

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