Why Does My W-2 Show Less Than My Salary? [Solved]

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Why Does My W-2 Show Less Than My Salary? [Solved]

Your annual income as reported on your Form W-2 is called “Taxable Gross Income.” Your income will be less than your salary if you have pre-tax deductions for a 403(b) or other deferred compensation plan, or if you have pre-tax deductions for your elected benefits, such as health and dental insurance.

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