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    <title>topic What is box 5 on the W2 for ? in Get your taxes done using TurboTax</title>
    <link>https://ttlc.intuit.com/community/taxes/discussion/what-is-box-5-on-the-w2-for/01/3077139#M1122761</link>
    <description>What should I put in box 5 of W2</description>
    <pubDate>Tue, 24 Feb 2026 06:58:30 GMT</pubDate>
    <dc:creator>underkofler725</dc:creator>
    <dc:date>2026-02-24T06:58:30Z</dc:date>
    <item>
      <title>What is box 5 on the W2 for ?</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/what-is-box-5-on-the-w2-for/01/3077139#M1122761</link>
      <description>What should I put in box 5 of W2</description>
      <pubDate>Tue, 24 Feb 2026 06:58:30 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/what-is-box-5-on-the-w2-for/01/3077139#M1122761</guid>
      <dc:creator>underkofler725</dc:creator>
      <dc:date>2026-02-24T06:58:30Z</dc:date>
    </item>
    <item>
      <title>Re: What is box 5 on the W2 for ?</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-what-is-box-5-on-the-w2-for/01/3077142#M1122762</link>
      <description>&lt;P&gt;Read the form please&amp;nbsp; for your answer ...&amp;nbsp; just enter the W-2 form as issued into the program ...&amp;nbsp;&amp;nbsp;&lt;span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="1a.jpg" style="width: 999px;"&gt;&lt;img src="https://ttlc.intuit.com/community/image/serverpage/image-id/37890iF195BAC923C4C7C5/image-size/large?v=v2&amp;amp;px=999" role="button" title="1a.jpg" alt="1a.jpg" /&gt;&lt;/span&gt;&lt;/P&gt;</description>
      <pubDate>Wed, 12 Jul 2023 11:23:57 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-what-is-box-5-on-the-w2-for/01/3077142#M1122762</guid>
      <dc:creator>Critter-3</dc:creator>
      <dc:date>2023-07-12T11:23:57Z</dc:date>
    </item>
    <item>
      <title>Re: What is box 5 on the W2 for ?</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-what-is-box-5-on-the-w2-for/01/3077175#M1122782</link>
      <description>&lt;P&gt;Are you entering a W-2 that you received from an employer that you worked for, or are you creating a W-2 to issue to an employee who worked for you?&lt;/P&gt;
&lt;P&gt;&lt;BR /&gt;If you are entering a W-2 that you received from an employer, what you should enter in box 5 is whatever is in box 5 of the W-2 that you got from your employer. If you do not have the actual W-2, contact the employer and get a new copy of it. You cannot make it up or fill it out yourself, or guess at what the amounts should be.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Wed, 12 Jul 2023 15:12:37 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-what-is-box-5-on-the-w2-for/01/3077175#M1122782</guid>
      <dc:creator>rjs</dc:creator>
      <dc:date>2023-07-12T15:12:37Z</dc:date>
    </item>
    <item>
      <title>Re: What is box 5 on the W2 for ?</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-what-is-box-5-on-the-w2-for/01/3077179#M1122783</link>
      <description>&lt;P&gt;&lt;a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5324480"&gt;@underkofler725&lt;/a&gt;&amp;nbsp;Here is a link explaining the purpose of the various boxes on a W-2:&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;A href="https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5" target="_blank" rel="noopener"&gt;https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5&lt;/A&gt;&lt;/P&gt;</description>
      <pubDate>Wed, 12 Jul 2023 16:28:14 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-what-is-box-5-on-the-w2-for/01/3077179#M1122783</guid>
      <dc:creator>xmasbaby0</dc:creator>
      <dc:date>2023-07-12T16:28:14Z</dc:date>
    </item>
    <item>
      <title>Re: What is box 5 on the W2 for ?</title>
      <link>https://ttlc.intuit.com/community/taxes/discussion/re-what-is-box-5-on-the-w2-for/01/3077182#M1122785</link>
      <description>&lt;P&gt;If you are issuing a W-2 for an employee, you need to review the IRS instructions for the W-2 and the employers guid for fringe benefits.&lt;/P&gt;
&lt;P&gt;&lt;A href="https://www.irs.gov/forms-pubs/about-publication-15" target="_blank"&gt;https://www.irs.gov/forms-pubs/about-publication-15&lt;/A&gt;&lt;/P&gt;
&lt;P&gt;&lt;A href="https://www.irs.gov/forms-pubs/about-form-w-2" target="_blank"&gt;https://www.irs.gov/forms-pubs/about-form-w-2&lt;/A&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;If you are trying to understand your own W-2, here are some basic facts.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;STRONG&gt;Box 1&lt;/STRONG&gt; is taxable income from wages.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;&lt;STRONG&gt;Box 3&lt;/STRONG&gt; is earned income subject to social security tax (FICA). &amp;nbsp;Some kinds of income are earned but not taxable, like 401k deferrals. &amp;nbsp;If you earned $100,000 but put $5000 into a 401k, your box 1 would be $95,000 and your box 3 would be $100,000. &amp;nbsp;The maximum earnings subject to FICA is $162,000 for 2023, so box 3 should never be more than that.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;Box 5 is earned income subject to Medicare tax. &amp;nbsp;It is similar to box 3, except there is no upper limit. &amp;nbsp;In addition, if you earn more than $200,000, you are subject to what's called &lt;EM&gt;additional medicare tax&lt;/EM&gt;.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;See here for more&lt;/P&gt;
&lt;P&gt;&lt;A href="https://www.irs.gov/taxtopics/tc751" target="_blank"&gt;https://www.irs.gov/taxtopics/tc751&lt;/A&gt;&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;When box 1 and box 3/5 are different, it is usually because some kinds of employer pre-tax benefits are subtracted from box 1, 3 and 5 but other pre-tax benefits are only subtracted from box 1.&lt;/P&gt;
&lt;P&gt;&amp;nbsp;&lt;/P&gt;
&lt;P&gt;There are also a few special classes of employees who can be exempt from social security or medicare tax and so their box 3 and box 5 might be zero or blank.&amp;nbsp;&lt;/P&gt;</description>
      <pubDate>Wed, 12 Jul 2023 16:40:05 GMT</pubDate>
      <guid>https://ttlc.intuit.com/community/taxes/discussion/re-what-is-box-5-on-the-w2-for/01/3077182#M1122785</guid>
      <dc:creator>Opus 17</dc:creator>
      <dc:date>2023-07-12T16:40:05Z</dc:date>
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