Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
Dwratten69
New Member

My w2s

Can I file now with using my paystubs?

6 Replies
xmasbaby0
Level 15

My w2s

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.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
ianersmom
Returning Member

My w2s

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

xmasbaby0
Level 15

My w2s

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

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
ianersmom
Returning Member

My w2s

But why dont they match?

WKins2
Expert Alumni

My w2s

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
ianersmom
Returning Member

My w2s

Thanks you

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v