Chatgpt说的 Possible Explanation: The most likely reason is that the person has pre-tax deductions that reduce taxable wages (Box 1) but are still subject to Social Security and Medicare taxes (Boxes 3 and 5). Common pre-tax deductions that reduce Box 1 but not Box 3 or Box 5 include: Pre-tax health, dental, or vision insurance premiums Pre-tax commuter benefits (transit or parking) Pre-tax dependent care flexible spending account (FSA) contributions
How to Verify: Check the W-2 Box 14 for any deductions labeled as "Sec 125," "Cafeteria Plan," "FSA," or similar. If the person has employer-sponsored health insurance, they can look at their pay stubs to see if part of their wages went toward pre-tax health, dental, or vision insurance premiums. Since the difference is about $2,000, it's very possible this amount comes from pre-tax deductions for healthcare or other benefits.
Box 5 Medicare 和box 3一样
Chatgpt说的
Possible Explanation:
The most likely reason is that the person has pre-tax deductions that reduce taxable wages (Box 1) but are still subject to Social Security and Medicare taxes (Boxes 3 and 5).
Common pre-tax deductions that reduce Box 1 but not Box 3 or Box 5 include:
Pre-tax health, dental, or vision insurance premiums
Pre-tax commuter benefits (transit or parking)
Pre-tax dependent care flexible spending account (FSA) contributions
How to Verify:
Check the W-2 Box 14 for any deductions labeled as "Sec 125," "Cafeteria Plan," "FSA," or similar.
If the person has employer-sponsored health insurance, they can look at their pay stubs to see if part of their wages went toward pre-tax health, dental, or vision insurance premiums.
Since the difference is about $2,000, it's very possible this amount comes from pre-tax deductions for healthcare or other benefits.