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ranabasu
New Member

WHy is my AGI is greater than my wages,tips on my W-2?

 
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2 Replies

WHy is my AGI is greater than my wages,tips on my W-2?

No one can see your tax return.  Look at your Form 1040.  Add  Lines 1 thru 8, this your Total Income on Line 9. Lines 10a and 10b are adjustments to income and are subtracted from 9 to get your Adjusted Gross Income on Line 11.

 

You can view your Form 1040 at any time. Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

rjs
Level 15
Level 15

WHy is my AGI is greater than my wages,tips on my W-2?

Is line 1 of your Form 1040 more than box 1 on your W-2? There are a number of different kinds of income that get added into the wages on line 1 of your Form 1040, but do not come from W-2 box 1. Many, but not all, of these types of added wage income are indicated by an abbreviation and amount shown to the left of the total wages on line 1. Do you have an abbreviation to the left of the amount on line 1? The most common of these are the following.

 

SCH - Taxable scholarship income
HSH - Wages earned as a household employee but not reported on a W-2
DCB - Taxable dependent care benefits from W-2 box 10

 

Some other types of income that might be added into line 1, without an abbreviation, are the following.

 

- Tips that you did not report to your employer.
- Allocated tips from W-2 box 8.
- Disability payments from a pension plan from Form 1099-R with distribution code 3 in box 7, if you are below the minimum retirement age for the plan.
- A corrective distribution or return of excess contributions from a retirement plan, from Form 1099-R with distribution code 8 in box 7.

 

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