On my w-2 tips were included in box1 and not in box 7 or 8. The total amount of tips received last year is higher than my hourly income. How do I report the tips to get it deducted
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You can follow the instructions in this TurboTax Help article to enter your tips on your tax return.
The tips deduction is reported on line 13 of Schedule 1-A. Then the total deductions on line 38 of Schedule 1-A is transferred to line 13b of your form 1040.
In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.
But you can preview your form 1040 and check line 13b of your form 1040 which includes the tips deduction among other deductions if applicable, such as the senior deduction, the overtime deduction and the car loan interest deduction.
To preview your form 1040 in TurboTax Online, follow these steps:
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