https://ficoforums.myfico.com/t5/Mortgage-Loans/FHA-W2-Income-calculation/m-p/4426224#M185463 Thanks . yes my final checkstub gross amount matches the box 5. But I was told that lenders use Box 1 Sun, 24 Jan 2016 18:01:49 GMT kaylord84 2016-01-24T18:01:49Z https://ficoforums.myfico.com/t5/Mortgage-Loans/FHA-W2-Income-calculation/m-p/4424830#M185422 Which box is is used to calculate Incomes on w2 for fha loans ? My box 1 is lower due to pension contributions.will lender use Box 1 ? Or will they use Box 5 which is my true Gross amount? Sat, 23 Jan 2016 13:13:46 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/FHA-W2-Income-calculation/m-p/4424830#M185422 kaylord84 2016-01-23T13:13:46Z https://ficoforums.myfico.com/t5/Mortgage-Loans/FHA-W2-Income-calculation/m-p/4425364#M185448 <P>Actual gross income.</P><P>&nbsp;</P><P>Yes, in many cases Box 5 (Medicare wages and tips) happens to exactly reflect gross income... but there <EM>are</EM> things that can cause&nbsp;Medicare wages and tips to be different&nbsp;from actual gross income.</P><P>&nbsp;</P><P>The number you need is usually on your final December paystub - you need gross income prior to all deductions (taxes, pensions, 401k/403b/457 plans, etc).</P> Sat, 23 Jan 2016 21:47:42 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/FHA-W2-Income-calculation/m-p/4425364#M185448 iv 2016-01-23T21:47:42Z https://ficoforums.myfico.com/t5/Mortgage-Loans/FHA-W2-Income-calculation/m-p/4426224#M185463 Thanks . yes my final checkstub gross amount matches the box 5. But I was told that lenders use Box 1 Sun, 24 Jan 2016 18:01:49 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/FHA-W2-Income-calculation/m-p/4426224#M185463 kaylord84 2016-01-24T18:01:49Z