https://ttlc.intuit.com/community/taxes/discussion/box-5-medicare-wages-is-higher-than-box-1-wages-is-this-an-error-on-the-w2/01/704157#M283421 Thu, 06 Jun 2019 13:38:56 GMT kbrault 2019-06-06T13:38:56Z https://ttlc.intuit.com/community/taxes/discussion/box-5-medicare-wages-is-higher-than-box-1-wages-is-this-an-error-on-the-w2/01/704157#M283421 Thu, 06 Jun 2019 13:38:56 GMT https://ttlc.intuit.com/community/taxes/discussion/box-5-medicare-wages-is-higher-than-box-1-wages-is-this-an-error-on-the-w2/01/704157#M283421 kbrault 2019-06-06T13:38:56Z https://ttlc.intuit.com/community/taxes/discussion/box-5-is-greater-than-box-1-on-many-w2s-the-most-common/01/704159#M283422 <P>Box 5 is greater than Box 1 on many W2s. The most common reason relates to <B>401(k) contributions </B>(W2, Box 12, Code D). They are subject to payroll tax, but not to federal income tax.</P><P>On many W2s, 401(k)s will explain this difference.<BR /></P> Thu, 06 Jun 2019 13:38:56 GMT https://ttlc.intuit.com/community/taxes/discussion/box-5-is-greater-than-box-1-on-many-w2s-the-most-common/01/704159#M283422 ChristinaS 2019-06-06T13:38:56Z