Wages

Except for tax-free fringe benefits (such as employer provided health insurance), practically everything you receive for your work or services is taxed, whether paid in cash, property, or services. Your employer will generally report your taxable compensation on Form W-2.



Compensation reported in Box 1 must be reported as wages on Line 7 of Form 1040 or 1040A or Line 1 of Form 1040EZ. Add amounts from Box 1 of each W-2 you (and your spouse) receive from all your employers.