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New Member
posted Apr 12, 2025 6:42:40 AM

I have a w-2 question

I have a direct deposit on 1/4/2024. But it is for work in 2023. So this should not be included in my 2024 w-2. Is this correct?

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1 Replies
Expert Alumni
Apr 12, 2025 6:56:44 AM

It should be on your 2024 W-2.  Individuals pay tax on a cash basis, meaning you report the income in the year received.  The W-2 you received is correct.