turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kl1992115
New Member

I just finished and printed out my copy of the return and noticed my income from wages changed from what I entered. Why would that be?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

I just finished and printed out my copy of the return and noticed my income from wages changed from what I entered. Why would that be?

You didn't say whether the wages on your tax return are more or less than what you entered. There are a number of different kinds of income that get added into the wages on your Form 1040, but do not come from W-2 box 1. Any of these would make the wages on your tax return higher than what you entered in box 1 of your W-2. Many, but not all, of these types of added wage income are indicated by an abbreviation and amount shown to the left of the total wages on the tax return. Do you have an abbreviation to the left of the amount of wages? The most common of these are the following.

SCH - Taxable scholarship income
HSH - Wages earned as a household employee but not reported on a W-2
DCB - Taxable dependent care benefits from W-2 box 10

Some other types of income that might be added into your wages, without an abbreviation, are the following.

  • Tips that you did not report to your employer.
  • Allocated tips from W-2 box 8.
  • Disability payments from a pension plan from Form 1099-R with distribution code 3 in box 7, if you are below the minimum retirement age for the plan.
  • A corrective distribution or return of excess contributions from a retirement plan, from Form 1099-R with distribution code 8 in box 7.

View solution in original post

2 Replies
rjs
Level 15
Level 15

I just finished and printed out my copy of the return and noticed my income from wages changed from what I entered. Why would that be?

You didn't say whether the wages on your tax return are more or less than what you entered. There are a number of different kinds of income that get added into the wages on your Form 1040, but do not come from W-2 box 1. Any of these would make the wages on your tax return higher than what you entered in box 1 of your W-2. Many, but not all, of these types of added wage income are indicated by an abbreviation and amount shown to the left of the total wages on the tax return. Do you have an abbreviation to the left of the amount of wages? The most common of these are the following.

SCH - Taxable scholarship income
HSH - Wages earned as a household employee but not reported on a W-2
DCB - Taxable dependent care benefits from W-2 box 10

Some other types of income that might be added into your wages, without an abbreviation, are the following.

  • Tips that you did not report to your employer.
  • Allocated tips from W-2 box 8.
  • Disability payments from a pension plan from Form 1099-R with distribution code 3 in box 7, if you are below the minimum retirement age for the plan.
  • A corrective distribution or return of excess contributions from a retirement plan, from Form 1099-R with distribution code 8 in box 7.

kl1992115
New Member

I just finished and printed out my copy of the return and noticed my income from wages changed from what I entered. Why would that be?

I had scholarship income. It's just that this info didn't print out on my return which is why I freaked!!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies