369382
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why is my Box 1 wages, tips, comp) amount lower this year on my W-2 even though I made more this year than last year?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Rachel_W
Expert Alumni

Why is my Box 1 wages, tips, comp) amount lower this year on my W-2 even though I made more this year than last year?

Box 1 of your Form W-2 may be lower this year even though you made more money than last year because you deferred more income into your Employer-Sponsored Retirement Plan or Flexible Savings Plan. 

View solution in original post

1 Reply
Rachel_W
Expert Alumni

Why is my Box 1 wages, tips, comp) amount lower this year on my W-2 even though I made more this year than last year?

Box 1 of your Form W-2 may be lower this year even though you made more money than last year because you deferred more income into your Employer-Sponsored Retirement Plan or Flexible Savings Plan. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question