Box 16: State wages, tips, etc. – This amount represents the total of taxable wages earned in that state. Box 17: State Income tax – This amount represents the total of state income taxes withheld from your paycheck for the wages reported in Box 16.

How do I correct state wages on W-2?

Explain to the human resources manager in charge of handling W-2 forms that the state of residence on your form is incorrect. Take your incorrect W-2 form to the manager for review. The manager will issue you a new W-2 form with the correct state as soon as possible. Call the IRS for assistance.

What is the difference between state wages and local wages on W-2?

State wages, tips, etc: The total state taxable gross pay you received. State income tax: The total state income taxes that were withheld from your compensation. Local wages, tips, etc: The total local taxable gross pay you received.

How wages are calculated on W-2?

In box 1 of the Form W-2, your company reports the total taxable wages of the employee for IRS record keeping. When you calculate this number, take out any pretax deductions from an employee’s pay because they do not count as income for federal income taxes.

Why are state and federal wages different on W-2?

The most common questions relate to why W-2 Wages differ from your final pay stub for the year, and why Federal and State Wages per your W-2 differ from Social Security and Medicare Wages per the W-2. The short answer is that the differences relate to what wage amounts are taxable in each case.

Why are there 2 states on my W-2?

You need to enter your W-2 just as it is written. If your W-2 does not show a line for taxes withheld from MA then the MA information should not be entered in your W-2 in Turbo Tax. If you have had income taxes withheld for both states then you will enter two state lines for the W-2.

Why is my Social Security wages higher than my wages?

Your social security wages can be higher than your wages if you are making contributions to a 401k plan or have other items taken out of your check “pre-tax”. You are paying social security tax on these items but not income tax.

What if local wages on w2 is blank?

This box is used to report the taxable local wages you were paid. Many times, this will be the same number as the earnings listed in Boxes 1 and 16. This will be blank if you do not pay any local taxes. This is the total Local Income Tax amount withheld from your checks over the year.

How are state wages reported on the W-2?

When the two wage amounts listed in each of the Box 16 are added together they would total box 1 which is your Federal Wage amount. For New York this is not the case… In New York, they don’t report the total wage made in New York State, they report the total Federal wages from Box 1 in the state wage Box 16.

What happens if you have more than one state on your W-2?

So, even if only 2 weeks of your yearly wage was in New York, Box 16 will show whatever is in Box 1, and if you have another state along with New York when both wage amounts from Box 16 are added together you could potentially have more than your federal wages in Box 1. Does this mean you’re being double taxed on those wages?

Is the NY W2 box 16 the same as box 1?

I spoke to my employer, and they said it’s a state requirement that as long as I ever worked in NY in the year, the total state wages for box 16 would show my federal total on box 1 – on the NY W2.

Do you have to file a W-2 with the employer?

Also, if taxes, including Medicare and Social Security, are withheld by the employer, they must issue a W-2 regardless of the amount of payments to the employee. The employer must prepare a total of six copies per employee of each W-2. It certainly is a great deal of paperwork.