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Should 457b contribution be added to the amount in box 16 of W2 for NJ? Box 16 already has my Gross income. Isn't that taxing me twice?

 
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2 Replies
DianeC958
Expert Alumni

Should 457b contribution be added to the amount in box 16 of W2 for NJ? Box 16 already has my Gross income. Isn't that taxing me twice?

No, do not add the amount of contribution to 457b plan to the information on your W-2 in box 16.  When you enter the information for your W-2 match the information on your W-2 with the information on the TurboTax screen.  If you have done this you have reported your income correctly.

 

 

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Should 457b contribution be added to the amount in box 16 of W2 for NJ? Box 16 already has my Gross income. Isn't that taxing me twice?

Thank you. That's what I thought, but the turbo tax program was adding to my gross income for box 16.  Possibly because employer based out of Delaware and I live in NJ. 457b is taxed in NJ.   I adjusted my box 16 amount and it came to correct amount. Thx again. 

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