Solved
W2
What can I do if boxes 1, 3, and 5 on my W2 are the same amount. If the Social security and Medicare were taken out Pre-Tax shouldn't Box #1 be reduced by this amount?
JohnB5677Answer
Alumni - Intuit
Feb 1, 2024 3:42 PM UTC
The total YTD earnings on my last pay stub for 2023 matches what appears in box 1, 3, and 5 of my W2. My previous employer would subtract the amounts from box 4 and 6 ( what I paid in SS and Medicare) from box 1.
Stated simply, your previous employer was very wrong if they deducted Social Security and Medicare taxes from your income.
Boxes 1, 3, and 5 start out with the same wage number.
If you have a retirement plan it may reduce the number in box 1, but boxes 3 and 5 will still be your total wages.
Entries in Box 12 & 14 can give hints as to why Box 1 was adjusted.
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