/Font <> Box 18 reports the total amount of wages subject to local, city, or other state income taxes. Thanks for figuring out the cause of the issue and for sharing it in the Community. Changing jobs but ended up in same city after moving away for a month. 9 What are the withholding requirements on prizes (either money, goods, or services) awarded through raffles and other charitable fundraisers? Why don't my state and local wages match on my W-2? Box 18 being usually lower. In this guide, were going to outline how you can enter your payment and tax details by completing Step 3 of the Sprintax tax prep process and what to do if you receive an error alert relating to your federal and state income. Lets look at an example of an employee who used the company car for personal reasons. If an employee elected to contribute to a pre-tax retirement plan, their W-2 Box 1 wages are likely lower than their Box 3 wages. 2. First, 401 (k) elective deferrals are excluded from. The FICA tax rate, a combination of the Social Security (6.2%) and Medicare (1.45%) rates, remains at a total of 7.65% in 2022. If you were working or earning US-sourced income, you will likely receive income documents at the end of the tax year. When I do not. That would get you the right answer for you, as opposed to us just guessing. But remember, if you are having any trouble completing Step 3, our Live Chat team is available 24/7 to help you. This income, covered by a tax treaty is often reported on 1042-S form and the rest of the income is reported as federal wages in box 1. How can nonresident aliens get an ITIN before tax season? Real experts - to help or even do your taxes for you. My status for 2005 was F1/OPT. Wage and Hour Compliance - Government of New Jersey of taxable wages earned in that state. Enter 5,000 in the Amount column on the second line. Learn more about Stack Overflow the company, and our products. There's some tax free employer benefits that are not subject to federal and state tax, that the locals do tax.

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