If you look at Box 3 of your W-2 form, you will see your total annual income subject to Social Security tax. This means the amount of annual income reported in Box 3 might be less than your total earnings (if you earned more than $142,800).
Which line on W-2 is total income?
box 1 In box 1 of the Form W-2, your company reports the total taxable wages of the employee for IRS record keeping. When you calculate this number, take out any pretax deductions from an employees pay because they do not count as income for federal income taxes.
Can I find my AGI on my w2?
Step one in calculating your AGI is, to begin with the amount displayed in Box 1 of your form W-2 labelled “Wages, Tips, Other Compensation.” Step two includes adding any additional taxable income you have for the year in order to calculate your total taxable income.
How do I figure out my AGI for 2020?
Where do I find my last years AGI? For tax years 2020 and 2021, your AGI is calculated on page 1, line 11 of your Form 1040 or 1040-SR. Your AGI for tax year 2019 (the return you filed in 2020) is on Line 8b. Simply look at the printed copy of last years return to find your adjusted gross income.