Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

On Line 1,3,5 on my W2 are different amounts. I called and

Customer Question
On Line 1,3,5 on my...
On Line 1,3,5 on my W2 are different amounts. I called and asked my employer why these amount where different and they told it was because I have pre tax benefits like Health,Pharmacy, Purchase time off and retirement. When I add up the difference it only reflects the amount of my retirement. Should this difference reflect the total for all pretax benefits?
Submitted: 6 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 14 minutes by:
4/12/2011
Tax Professional: Robin D., Senior Tax Advisor 4 replied 6 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,887
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified

Robin D :

Hello and thank you for using Just Answer

Robin D :

The differences in Boxes 1,3, & 5 are indeed related to money that you earned but had amounts taken out to pay for or contribute to benefits that are not taxable. The retuirement amount is most probably to a 401K. The other items may not be pretaxed. This means that the amounts you paid for the medical will be allowed as deductions when you calculate the Schedule A for medical.

Customer:

My employer told me the reason I had the difference on these lines was because all of these things where pre tax. so should the total for retirement, health,pharmacy and purchase time be the difference between line 1,3,5? because the difference only adds up the total amount of the retirement. I am sorry, I am filing via turbo tax for the first time and I was just wanting to make sure.

Robin D :

If they verified that all the items were pretaxed then yes, the amount in Box 1 should be lower the total amount of all. You cannot change your own W2 so you will be required to get a corrected W2 from your employer.

Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,887
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified
Robin D. and 87 other Tax Specialists are ready to help you
Ask your own question now
Ask Robin D. Your Own Question
Robin D.
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,887
15,887 Satisfied Customers
Experience: 15years with H & R Block. Divisional leader, Instructor

Robin D. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

15,887 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
I applied for retirement benefits around 2 August of this
I applied for retirement benefits around 2 August of this year.. When do I get my first check? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,483 satisfied customers
I am doing my 2016 taxes through Turbo Tax Premier. I have
Hi! I am doing my 2016 taxes through Turbo Tax Premier. I have K-1s that have a Section 1231 net loss. It is my understanding and I just read on your website that the loss can offset my ordinary incom… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I am retired and my only income is SS retirement benefits.
I am retired and my only income is SS retirement benefits. My wife works and will make about $40,000.00 in 2017. I want to file married filing separate for 2017 - avoiding an any tax on my SS benefits… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,887 satisfied customers
I'm retired, receiving ss retirement benefits. From this
I'm retired, receiving ss retirement benefits. From this year I receive also social security retirement payments from Slovakia, where I lived and worked until 1986. Question: are these payments fro Sl… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,483 satisfied customers
My turbo tax cd acts like it ids corrupted iuninstalled it
my turbo tax cd acts like it ids corrupted iuninstalled it and reinstalled butsit is can I get a replacement dtill Is acting up I needagood copy so I can prepare amended freturn/?tocorect sodmeiitemst… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,483 satisfied customers
Can you claim and file on a schedule Form A, monthly
Can you claim and file on a schedule Form A, monthly payments for Personal Property Taxes given to a family, member concerning property taxes paid in another state. My name is ***** ***** deed. The no… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,483 satisfied customers
I'm on Turbo Tax now going through the steps for filing
Barbara, I'm on Turbo Tax now going through the steps for filing Schedule E. Is my basement apartment in my single family residence considered a single family rental or a multi-family rental ? Thanks… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,483 satisfied customers
Am doing the home and business turbo tax and have entered my
hi am doing the home and business turbo tax and have entered my wife's business info/cost/expenses for her teaching business. but this year, in 21016 I started a busing ness and have expenses. how do … read more
abci168
abci168
Principal
27 satisfied customers
Are medical equipment purchesed tax deductable. I have been
I have been prescribed a portable oxygen generator is this equipment deductable … read more
abci168
abci168
Principal
27 satisfied customers
I successfully filed my 2016 return with Turbo Tax. Now the
I successfully filed my 2016 return with Turbo Tax. Now the only file references that I find are " Usaved Turbo Tax document" which does not open. Anyway I can get to this doc for use or view? … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I filed my tax return in March 2017 using turbo tax through
I filed my tax return in March 2017 using turbo tax through T.D.Ameritrade. I expected a return of over $2000.00. I filed electronically, but have heard nothing since. I checked Turbo Tax and they say there is no refund due. This also includes my state tax. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,887 satisfied customers
I filed my taxes on turbo tax and after I filed I realized
i filed my taxes on turbo tax and after I filed I realized that they had the wrong address on my taxes. I have no idea what to do. I have tried refiling and many other things and I have no idea what t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,887 satisfied customers
I filed my taxes with Turbo Tax and submitted the forms with
I filed my taxes with Turbo Tax and submitted the forms with E-File on April 11. A few days later I received an e-mail saying that my file was rejected due to a Turbo Tax problem, so following instruc… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,220 satisfied customers
Due to an error by Turbo Tax, I had to file an amended
Due to an error by Turbo Tax, I had to file an amended return to the IRS- 1040X which was mailed February 25th 2017. The IRS said they do not have it. Turbo Tax said to mail another copy. Is that the … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I filed a tax deadline extension through turbo tax on tax
My name is***** filed a tax deadline extension through turbo tax on tax day, but never got a confirmation through email which is***@******.***. … read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
154 satisfied customers
I am not filing schedule A for itemized deductions, but
I am not filing schedule A for itemized deductions, but would like to include sales tax in 1040 Form. Where do I put it? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,887 satisfied customers
I am retired and file my own taxes via Turbo Tax. I draw on
I am retired and file my own taxes via Turbo Tax. I draw on my retirement savings & IRAs for living expense. It looks like I can deduct Investment management fees from IBS who helps m with investments… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,887 satisfied customers
Turbo tax states we need $8469 in medical expenses. We have
Turbo tax states we need $8469 in medical expenses. We have $10736.00 in medical expenses. Turbo Tax states we do not qualify, why?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x