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To calculate my W2 income, do I subtract my Gross pay from what the company paid in taxes? Ex. local income tax, federal tax, social security tax, medicare tax?

Or do I just put down my Gross Pay?
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2 Replies
DianeW777
Expert Alumni

To calculate my W2 income, do I subtract my Gross pay from what the company paid in taxes? Ex. local income tax, federal tax, social security tax, medicare tax?

Just put down your gross pay. Enter each box in the W-2 exactly as it appears. Whether we like it or not, we pay tax on the gross (before any tax is withheld).

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To calculate my W2 income, do I subtract my Gross pay from what the company paid in taxes? Ex. local income tax, federal tax, social security tax, medicare tax?

You enter your W-2 exactly as it appears.  Enter the amounts from each box of your W-2  just as they are.  The software does all of calculations.   

**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.**

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