Thursday, March 16, 2017

To calculate Box 1 and Box 5 on my W2 tax form

To calculate Box 1 and Box 5 on my W2 tax form

Box 1

  • Start with gross wages
  • Subtract HSA contribution from employer
  • Subtract 401k contribution
  • Subtract section 125 for cafe options (Dental, Medical, HSA personal contributions, Vision)

Box 5

  • Start with gross wages
  • Subtract HSA contribution from employer + ESPP gains
  • Subtract section 125 for cafe options (Dental, Medical, HSA personal contributions, Vision)

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