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W-2 Tax Statements report Gross Taxable Income, which can vary from an employee’s budgeted annual salary amounts due to several factors.
Below are common questions related to W‑2s and the information they provide.
Frequently Asked Questions
What period of time does my W-2 cover?
W-2s are for a calendar year, January 1 to December 31.
Why do my 2025 W-2 gross wages not match my budgeted annual salary?
Gross wages reported on a W 2 reflect taxable earnings, not total salary. Pre-tax deductions reduce taxable gross wages. Common pre-tax deductions include:
- Health insurance premiums
- Retirement contributions
- Parking deductions
- Flexible Spending Account (FSA) contributions
Because of these deductions, taxable gross wages shown on your W-2 are typically lower than your budgeted annual salary.
Why does my 2025 W-2 show I earned less gross wages than my 2024 W-2?
Common reasons include:
- Fewer overtime hours worked in 2025
- An increase in pre‑tax deductions
- A change in Full‑Time Equivalent (FTE) status during the year
How can I verify my 2025 W-2 is correct?
You can verify your W‑2 by comparing it to your final December 2025 paycheck in Firefly. The amount shown in Box 1 (Wages, tips, and other compensation) on your W‑2 will match the Federal & State Taxable Earnings listed on your final 2025 paycheck.
To view your final paycheck of 2025 in Firefly:
- Select the Employee Self Service tile under Self Service
- Select Paycheck Inquiry tile
- Select your final paycheck paid in 2025
- Fed & State Taxable Earnings box is located in the bottom right corner of the paycheck. This amount will match Box 1 of your W-2.
I earned overtime wages. How do I find the amount eligible for the OBBBA tax deduction?
Employees who qualify for this tax deduction will receive a 2025 Overtime Premium Statement. This statement identifies the portion of wages reported in Box 1 that represents the overtime premium amount and may be used when filing a personal tax return.
The statement will be issued as a paper form letter mailed to the employee’s permanent address listed in Firefly and will not be available electronically through Employee Self Service.
When will I receive my mailed 2025 W 2 and/or 2025 Overtime Premium Statement?
All mailed 2025 tax documents will be postmarked by February 2, 2026, in accordance with IRS requirements.
When can I request duplicate 2025 tax documents?
Current and former employees may request duplicate 2025 tax documents on or after February 16, 2026.
Please contact us if you have any additional questions at payroll@unl.edu.