turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mnmcada
New Member

Is my income reported before and after pretax deductions on my w2? I do not see this on my w2. where to find my income after pretax deductions?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Is my income reported before and after pretax deductions on my w2? I do not see this on my w2. where to find my income after pretax deductions?

Your box 1 wages figure on your W2 will already contain the adjustment for your pre-tax amounts.  The pre-tax amounts themselves are then generally reported in box 12 (or sometimes box 14).

Example:  You earned $55,000 in 2017 but you contributed $5,000 pre-tax to a 401(k) account.  On your Form W2, box 1 wages will have $50,000 for income and then in box 12 you will see a code D for $5,000 for pre-tax 401k contributions.

Its also not uncommon to see different wage figures for boxes 3 and 5 for social security and Medicare wages as some pre-tax deferral rules do not apply to these wages and social security wages are also capped at a certain amount.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question