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On one of my W2's it shows that my social security wages is more than my wages, tips, other compensation is this correct?

 
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Fern
New Member

On one of my W2's it shows that my social security wages is more than my wages, tips, other compensation is this correct?

Your social security wages can be higher than your wages if you are making contributions to a 401k plan or have other items taken out of your check "pre-tax". You are paying social security tax on these items but not income tax.

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1 Reply
Fern
New Member

On one of my W2's it shows that my social security wages is more than my wages, tips, other compensation is this correct?

Your social security wages can be higher than your wages if you are making contributions to a 401k plan or have other items taken out of your check "pre-tax". You are paying social security tax on these items but not income tax.
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