fed wages vs nj wages

is it possible for a w2 to really be incorrect? NJ wages are higher than fed wages and that can be expected, but correct me if i am wrong i thought nj wages can be reduced by the 401k contributions in box 12 of the w2? it doesnt seem that way and this employer does not do a wage reconciliation like most employers on the employee copy part of the W2, thank you

Are you sure it is a 401(k) and not, eg, a SIMPLE?

thats what i was wondering and i asked if it was a 401k. sometimes they dont know. but other than a 401k, then Nj wages would not be reduced. Correct?

That is my understanding from the few NJ returns I have done over the years.

the problem here is that is the plan he is contributing to a 401k

of course the w2 can be incorrect.....did a paychex do it or an adp....or was it done by the practicioner themself?

looks like ADP or paychex

Taxable wages for NJ will also often include Sec 125 amounts. With the lack of details on the W-2 you probably don’t have this information. The last pay stub of the year might give you enough information to reconcile properly.

You can look here https://www.nj.gov/treasury/taxation/pd ... t/njwt.pdf and here https://www.state.nj.us/treasury/taxati ... /tb39r.pdf for guidance.

Taxable wages for NJ will also often include Sec 125 amounts. With the lack of details on the W-2 you probably don’t have this information. The last pay stub of the year might give you enough information to reconcile properly.

You can look here https://www.nj.gov/treasury/taxation/pd ... t/njwt.pdf and here https://www.state.nj.us/treasury/taxati ... /tb39r.pdf for guidance.

yep that is the problem. no details. its a small outfit so i think the w2 could be incorrect