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January 9, 2021
Question

I'm not currently working off a W2, but for total income, I would use YTD taxable gross, not YTD total gross for my income, correct? I believe the difference is my medical and 401K, pretax deductions.

  • January 9, 2021
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1 reply

Critter-3
January 9, 2021

You cannot file using the last pay stub ... wait for the W-2 so you don't have to amend later.  The IRS will not even start processing returns until the end of January at best and the employer has until 2/1 to put it in the mail or make it available online.  

 

Now if you are just trying to get an idea of what the return will look like for tax planning ... use YTD taxable. Also before you file please review all your entries against the actual W-2 for accuracy.