Why would line 1 on the w-2 (wages,tips,other compensation). Be a lot lower then box5 (Medicare wages and tips)

ptseal — Tue, 04 Jun 2019 21:18:54 GMT

It's usually because of your contribution to your retirem...

Ashby — Tue, 04 Jun 2019 21:18:55 GMT

It's usually because of your contribution to your retirement plan (401k, IRA, etc.). Also, it can be medical insurance premiums deducted from your income if you have a cafeteria plan.

These items are pre-tax for income tax, but still subject to social security and medicare taxes.

topic Why would line 1 on the w-2 (wages,tips,other compensation). Be a lot lower then box5 (Medicare wages and tips) in Get your taxes done using TurboTax

Why would line 1 on the w-2 (wages,tips,other compensation). Be a lot lower then box5 (Medicare wages and tips)

It's usually because of your contribution to your retirem...