topic Should the wages reported on W2 be my Gross income or gross minus deductions (which is what mine shows)? Should box 12a be deductions + taxes taken out or not? in Get your taxes done using TurboTax

Should the wages reported on W2 be my Gross income or gross minus deductions (which is what mine shows)? Should box 12a be deductions + taxes taken out or not?

scrubs — Thu, 06 Jun 2019 09:14:56 GMT

It is your gross income MINUS any TAX-EXEMPT fringe benef...

TaxGuyBill — Thu, 06 Jun 2019 09:14:58 GMT

It is your gross income MINUS any TAX-EXEMPT fringe benefits. Some fringe benefits will reduce Box 1 of your W-2, some reduce Boxes 1, 3 and 5 of your W-2, some don't reduce them at all. It all depends on the type of fringe benefit.

box 1 should reflect any allowable deductions in box 12....

Anonymous — Thu, 06 Jun 2019 09:14:59 GMT

box 1 should reflect any allowable deductions in box 12. not everything in box 12 is a deduction against taxable wages in box 1.

your gross wages federal is reduced by the amount of your...

fanfare — Thu, 06 Jun 2019 09:15:01 GMT

your gross wages federal is reduced by the amount of your 401k contribution by the payroll dept. That amount will be listed as a box 12 item.