401K in Wage Entry

Box 1 and 401k Data Entry
Written by Christopher Ragain
Updated 1 month ago

When entering wages in the personal data entry, box 1 (wages) does not net out the 401k entries or other deductions, those areas are there just to inform the planning module of what the taxpayer has contributed.

Enter wages just like the W-2 would show, with net amounts of deductions that a pre-tax (401k, health insurance, etc.)

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