Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jan 25, 2020 2:52:08 PM

Should i leave the cents off of my wages for box 1?

0 2 781
1 Best answer
Not applicable
Jan 25, 2020 4:32:48 PM

You can round off cents to whole dollars
on your return and schedules. If you do
round to whole dollars, you must round
all amounts. To round, drop amounts under
50 cents and increase amounts from
50 to 99 cents to the next dollar. For example,
$1.39 becomes $1 and $2.50 becomes
$3.
If you have to add two or more
amounts to figure the amount to enter on
a line, include cents when adding the
amounts and round off only the total.

2 Replies
Level 15
Jan 25, 2020 4:27:40 PM

Round to the nearer dollar.

Not applicable
Jan 25, 2020 4:32:48 PM

You can round off cents to whole dollars
on your return and schedules. If you do
round to whole dollars, you must round
all amounts. To round, drop amounts under
50 cents and increase amounts from
50 to 99 cents to the next dollar. For example,
$1.39 becomes $1 and $2.50 becomes
$3.
If you have to add two or more
amounts to figure the amount to enter on
a line, include cents when adding the
amounts and round off only the total.