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If my salary on my last check is bigger than my income before deductions on my w2?
My salary is say for example 50.000 on my last check and my gross income on my w2 (before deductions) is lower.
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If my salary on my last check is bigger than my income before deductions on my w2?
Most likely, some of your payroll deductions are pre-tax and reduce your taxable income, such as health insurance premiums, retirement contributions, FSA, HSA, and a few others. You would have to ask your payroll department for the exact answer that applies to you.
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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If my salary on my last check is bigger than my income before deductions on my w2?
Most likely, some of your payroll deductions are pre-tax and reduce your taxable income, such as health insurance premiums, retirement contributions, FSA, HSA, and a few others. You would have to ask your payroll department for the exact answer that applies to you.
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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