topic Re: My w2s in Get your taxes done using TurboTax

Tax Year Prior to 2020: My w2s

Dwratten69 — Wed, 17 May 2023 22:52:31 GMT

Can I file now with using my paystubs?

Re: My w2s

xmasbaby0 — Mon, 13 Jan 2020 14:34:49 GMT

No.

CAN I USE MY PAY STUB TO PREPARE MY TAX RETURN?

Please do not try to use your pay stub to prepare your tax return. It will not match the W-2 that you will get from your employer in just a few short weeks. Your employer has until the end of January to give you your W-2. By waiting for your W-2 you will be able to file accurately. If you try to guess what goes in the W-2 “boxes” and mess up your return, you will need to amend. It takes about 4 months to amend a tax return. The IRS will not be accepting 2019 returns until the end of January — so you can wait for your W-2. If you are hoping to get a quick tax refund by filing early, using your pay stub might have the opposite result. Your tax return will not match the W-2 reported to the IRS by your employer; this may result in rejection of your return — or if accepted, could actually delay your refund for months. And, if you are hoping to get EIC or the refundable amount of the child tax credit, your refund will not be released until late February anyhow. It is much wiser to wait for your W-2 and file correctly.

Re: My w2s

ianersmom — Fri, 07 Feb 2020 19:53:30 GMT

Why wont the W-2 match the last pay stub for the 2019 year?

Re: My w2s

xmasbaby0 — Fri, 07 Feb 2020 20:00:55 GMT

Pay stubs rarely match the W-2--which is why we tell everyone not to file using a pay stub.

Re: My w2s

ianersmom — Fri, 07 Feb 2020 20:09:51 GMT

But why dont they match?

Re: My w2s

WKins2 — Fri, 07 Feb 2020 21:30:27 GMT

There are a few different reasons as to why, the most common one is that if your employer offers pre-tax health insurance and you elected to participate, the amount you earned will be lowered by that amount since your health insurance premiums came out before any tax.

Same if you participated in any 401(k) pre-tax retirement plan. Again your income will be lowered by the amount you contributed since it is a pre-tax deduction.

Re: My w2s

ianersmom — Fri, 07 Feb 2020 21:44:10 GMT

Thanks you