Which box on w2 is gross earnings

Box Dependent Care Benefits The total amount paid into your dependent care flexible spending account for the year. Box Compensation and Benefits Click to see the codes included This box is used to indicate a compensation or benefit by code.

Include this tax on Form B — Uncollected Medicare tax on tips. D — Elective deferrals to a section k cash or deferred arrangement. E — Elective deferrals under a section b salary reduction agreement. F — Elective deferrals under a section k 6 salary reduction SEP. G — Elective deferrals and employer contributions including non-elective deferrals to a section b deferred compensation plan.

H — Elective deferrals to a section c 18 D tax-exempt organization plan. J — Nontaxable sick pay information only, not included in Boxes 1, 3, or 5. L — Substantiated employee business expense reimbursements nontaxable. P — Excludable moving expense reimbursements paid directly to a member of the U. Armed Forces not included in Boxes 1, 3, or 5.

Q — Nontaxable combat pay. See the instructions for Form or Form A for details on reporting this amount. T — Adoption benefits not included in Box 1. Complete Form , Qualified Adoption Expenses, to compute any taxable and nontaxable amounts. V — Income from exercise of non-statutory stock option s included in Boxes 1, 3 up to Social Security wage base , and 5. See Publication , Taxable and Nontaxable Income, for reporting requirements. W — Employer contributions including amounts the employee elected to contribute using a section cafeteria plan to your health savings account HSA.

Y — Deferrals under a section A nonqualified deferred compensation plan. Z — Income under a nonqualified deferred compensation plan that fails to satisfy section A. See the Form instructions. AA — Designated Roth contributions under a section k plan. Box Dependent Care Benefits. This amount represents any amount reimbursed for dependent care expenses through a flexible spending account. Only dependent care benefits are reportable in this box. Box Other — This box may be used by an employer to report any additional tax information e.

Box State wages, tips, etc. Your gross income stated in Box 1 of your W-2 is essential in filing your taxes, as it shows your wages subject to federal income tax.

Boxes 3 and 5 of the W-2 show your gross income that is subject to Social Security and Medicare taxes. If you only want to figure the total amount your employer paid you for the year, your last pay stub of the year should show all of the earnings you received. If your employer includes year-to-date earnings on your pay stub, you can find this data under the year-to-date and total gross columns. If your employer doesn't do this, you can calculate it yourself.

Box 2 reports the total amount withheld from your paychecks for federal income taxes. This represents the amount of federal taxes you have paid-in throughout the year. Box 3: Social Security wages. Box 3 reports the total amount of wages subject to the Social Security tax. This limit is called the Social Security wage base. Box 4: Social Security tax withheld.

Box 4 reports the total amount of Social Security taxes withheld from your paychecks. The Social Security tax is a flat tax rate of 6. You will claim the excess Social Security tax withholding as a credit on your Form if applicable. Box 5: Medicare wages and tips. Box 5 reports the amount of wages subject to Medicare taxes. There is no maximum wage base for Medicare taxes. The amount shown in Box 5 may be larger than the amount shown in Box 1.

Medicare wages include any deferred compensation, retirement contributions, or other fringe benefits that are normally excluded from the regular income tax.