The wages you report for federal tax purposes may be different than the wages you report for New Jersey purposes. New Jersey does not allow you to deduct moving expenses or employee business expenses from wages, although you can exclude reimbursements for certain expenses if they are included in wages on your W-2.
Can you deduct health insurance premiums on NJ taxes?
You can deduct certain medical expenses that you paid during the year for yourself, your spouse or domestic partner, and your dependents. Insurance premiums, including amounts paid under Social Security for Medicare, can be used as medical deductions.
Is Box 1 on w2 before or after taxes?
Box 1 “Wages, tips, other compensation”: This is federal, taxable income for payments in the calendar year. The amount is calculated as YTD earnings minus pre- tax retirement and pre-tax benefit deductions plus taxable benefits (i.e., certain educational benefits).
Why are my NJ State W2S different from federal?
These allow employees to contribute a certain amount of their gross income for health care and other qualified expenses, and are excluded from taxable wages for federal income tax purposes. But they’re not excluded for New Jersey state income tax purposes, Gobo said.
Where do I find state wages on my W-2?
Because of these and other differences, you must take the amount of wages from the “State wages” box on your W-2s (Box 16). Also check your W-2 to confirm that “New Jersey” or “NJ” appears in the “State” box. The “State Wages” figure on your W-2 (s) from employment outside New Jersey may need to be adjusted to reflect New Jersey tax law.
What is W2 box 16 for 2 States?
June 4, 2019 2:42 PM W2 Box 16 for 2 states – what is the logic and how to report income correctly?
Do you put state wages in box 1?
The State Wages in Box 16 should be the same amount as Box 1. You could delete and re-enter the Box 16 amount. Unless you worked in more than one state. Then try to Efile again. June 6, 2019 9:21 AM
