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.
Where does domestic partner income go on W-2?
If you added a domestic partner to your health insurance, a portion of the amount paid by the City is taxable and is included in Box 14. The amount in the IRC125 box is treated on a pre-tax basis for federal income purposes. It reduces your taxable wages (Box 1) and social security and Medicare wages (Boxes 3 and 5).
Which is the most important box on the W-2?
The boxes you care most about are those boxes (a), (e) and (f), as highlighted by the pink circles: Now, here’s a closer look at the boxes on the right: Box 1 shows your total taxable wages, tips, prizes and other compensation, as well as any taxable fringe benefits.
Where to find state and local taxes on a W-2?
Your state and local tax reporting can be found at the very bottom of the form W-2. Box 15 is very straightforward and includes your employer’s state and state tax identification number. If you work in a state without a reporting requirement, this box (along with boxes 16 and 17) will be blank.
What to do if your W2 does not match box 3?
If you find that after making these adjustments to your Gross Pay YTD per your final pay stub, the result does not match Box 3 Social Security Wages and Box 5 Medicare Wages on your W-2, call Central Payroll, 617-495-8500, option 4 for assistance.
What’s the difference between Box 1 and box 16 wages?
Some employees may see a difference between Box 1 Federal Wages and Box 16 State Wages due to the value of certain pre-tax transportation benefits.
Who is listed as employer on Justworks W-2?
Don’t panic—this is correct! As a Professional Employer Organization (PEO), Justworks reports taxes on behalf of your company and will therefore be listed as your employer on your W-2. How Do I Find My W-2 In Justworks?