On our W-2 form, Box 1 3 and 5 are different values. Is the fact that Box 3 and 5 are different unusual? On our W-2 Box1 is $134,682, Box3:$118,500, Box5:$146,400.

posted

Connect with an expert

1 Reply

On our W-2 form, Box 1 3 and 5 are different values. Is the fact that Box 3 and 5 are different unusual? On our W-2 Box1 is $134,682, Box3:$118,500, Box5:$146,400.

Non-taxable deferrals reported in box 12 are not reported in box 1 but are reported in box 3 and 5. The maximum Social Security wages is $118,500 but there is no maximum for medicare tax.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Still have questions?

Make a post

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

On our W-2 form, Box 1 3 and 5 are different values. Is the fact that Box 3 and 5 are different unusual? On our W-2 Box1 is $134,682, Box3:$118,500, Box5:$146,400.

On our W-2 form, Box 1 3 and 5 are different values. Is the fact that Box 3 and 5 are different unusual? On our W-2 Box1 is $134,682, Box3:$118,500, Box5:$146,400.

Get more help

Do you have a TurboTax Online account?

On our W-2 form, Box 1 3 and 5 are different values. Is the fact that Box 3 and 5 are different unusual? On our W-2 Box1 is $134,682, Box3:$118,500, Box5:$146,400.

Do you have an Intuit account?

On our W-2 form, Box 1 3 and 5 are different values. Is the fact that Box 3 and 5 are different unusual? On our W-2 Box1 is $134,682, Box3:$118,500, Box5:$146,400.

Get more help

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert