On this year's New York State W-2 in Box 14 there is "NYPFL" which is for New York Paid Family Leave. What category description should I choose for this box 14 entry? Either, ask your employer to reissue you another W2 form which will include the NYPFL on that Box 14. Or simply figure out how much the total deduction amount totalled for the ...Follow these steps to troubleshoot if a description or amount displays in Box 14 of Form W-2. Select . Setup, then . Payroll Items. Make sure that the correct payroll items are selected for Box 14. Select . Setup, Employees, then the . Personal. tab. Select . Other W-2 Items. and check for entries in the W-2 Box 14 Items grid. Select . Setup,W2 has amt in box 14 labeled Tier1 and tier2 that we contribute to RR. He is not retired, so this is just our contribution amt. what option do I pick in dropdown box. the additional item 14 worked - i di have to increase the w-2 box 1 amount to include the deferred income amounts in box 12 April 17, 2022 6:00 PM. On your 2020 Form W-2, the amount of the value will be included in box 1, Wages, tips, other compensation; and box 14. To claim your expenses, complete Form 2106, Part II, Sections A and C. Enter your actual expenses on line 23 of Section C and include the entire value of the employer-provided car on line 25. Complete the rest of the form. To populate Box 14 for quarterly and year-end reporting: Feed the appropriate W2 Box 14 balance. Use the Common Lookups task to update the meaning of the corresponding lookup code of the ORA_HRX_US_W2_BOX_14_USER_DFND lookup type. The text you type becomes the label text appearing on the W-2 Box 14. Note: This box has a 15-character limit.Box 14 is used to report amounts that don’t belong in other boxes on Form W-2. Employers can use it to report additional tax or income information for filing or informational purposes. Some employers use box 14 to report amounts deducted for State Disability Insurance taxes or union dues that may be tax deductible.This means that your mandatory contributions are paid to this system on a pre-tax basis while you are actively employed. Of the mandatory 8.25% contribution, 7% is posted into your membership account and 1.25% is posted to the Health Insurance Fund which helps reduce the cost of health insurance for eligible retired members and spouses.Employers can put just about anything in box 14; it's a catch-all for items that don't have their own dedicated box on the W-2. If you don't see a category in the TurboTax list that matches your W-2 entry, don’t worry. We'll figure out if it impacts your return or not. If we need more information, we'll ask you.June 4, 2019 3:42 PM. I couldn't begin to speculate on what the Description or Code might be, hence my answer below. If you think it might be CASDI, then you will have to check with whoever prepared the W-2. June 4, 2019 3:42 PM. You should be able to clear this up by entering "Not Provided" as the Description and "Other - not on above list ...Box 14 on the W2 is for information only, none of it affects the tax return calculations. It's a spot where the employer can put in whatever he or she wants to. Around here the most common entries are OR STT Wages and OR STT WH. Wingnut670 below correctly identifies the purpose of some of these. Just put the in the info and move on. Third year ...Here's a list of what each one means. Box 12 codes. A: Uncollected social security or RRTA tax on tips reported to your employer. AA: Designated Roth contributions under a section 401 (k) plan. B: Uncollected Medicare tax on tips reported to your employer (but not Additional Medicare Tax) BB: Designated Roth contributions under a section 403 (b ...Simple tax situations (W-2 only) Itemized deductions Investors/rental properties Self-employed/gig workers Pricing. File your own taxes with a CD/Download. Back. ... It was on my W2, under Box 14 OTHER: 1300.00 June 6, 2019 12:48 PM. 0 1 1,116 Reply. Bookmark Icon. wjordan. Level 1 Mark as New; Bookmark; Subscribe; Subscribe to RSS Feed ...Per IRS, the information that your employer lists in Box 14 of your W-2 does not usually affect your income tax return. In fact, for many Box 14 entries, the IRS does not even provide a place for it to get reported on your return forms. They are reported to you in Box 14 simply for informational purposes.Coding CTPL in Box 14 of your W-2 represents funding to support the CT Paid Leave program. Employee payroll deductions beginning January 1, 2022 are capped at 0.5% of the employee's wages up to the 2022 Social Security contribution base of $147,000.00, or $735.00 CTPL taxes paid.I'll share some insights about the plans that are reported in box 14 of the W2 form in QuickBooks Desktop (QBDT), @KSchadel. Please know that WA Cares Deduction is not reported in box 14 of the W2 form. This type of payroll tax will be recorded in the employee's W-2 if your state requires it. I'd suggest consulting a tax advisor.phone use 14 . conflicts of interest/outside employment 14 . progressive discipline policy 14 . 3 . standards of conduct 15 . compensation/job classifications/job postings 16 . employee wages/work hours 16 . attendance 18 . time sheets/recording time worked 18. meals and breaks 18.Filing my W2, and box 14 is coded as "Other" with no numerical value. When I select "other" in the filing software, a value box pops up and it says, "a positive amount is required to go to the next page." Anyone know what to do if my W2 doesn't have any numbers in box 14, but I can't proceed without entering a number? Ignore it.On July 8, 2020, the Internal Revenue Service (IRS) issued Notice 2020-54, which requires employers to separately report Qualified Sick Leave Wages and Qualified Family Leave Wages paid under the Families First Coronavirus Response Act [1] (FFCRA) on 2020 Forms W-2, Box 14, or on a separate statement.. This reporting is intended to provide …In TurboTax, enter the description from your W-2's box 14 on the first field in the row. Enter the dollar amount and select the correct tax category that goes with that description. If none of the categories apply, scroll to the bottom of the list and choose Other-not on above list. If box 14 is blank, just skip over it.Employee Tax Expert. If the categories for a particular deduction in Box 14 is not listed as an option, then you should select the category labeled Other - not classified. Generally, the Box 14 items of your W-2 are for informational purposes and do not affect your income tax return. For more information, please see What is box 14 on my W-2 for ...Explanation of Box 14. Box 14 on your W-2 form is used to provide additional information or codes that may be relevant to your tax return. The information in this box is not required by the IRS, but it may be useful for you to understand what it represents. Box 14 can contain a variety of different codes, depending on your employer and the ...1 Best answer. DMarkM1. Expert Alumni. You are correct. Use the " Other Category " in the box 14 dropdown to complete entering the Healthcare Worker Bonus in your W2 section. Then in the NY State interview " Update " the "Changes to Federal Income" section. Scroll down to the Wage and retirement adjustment section.Enter the Form W-2 as it is reported with the Box 14 Other amount. Then report as Miscellaneous income under the Less Common Income section. If you have mileage expenses in excess of the amount reported, you can deduct that as a job-related expense if you itemize your deductions.Unless you are preparing a New York State tax return, there's nothing to select for Box 14. Box 14 is informational only. Neither a 414(H) nor fringe benefits have relevant Box 14 dropdowns. The tax treatment is already in your W2, and you don't adjust anything. If you choose a dropdown, it won't go anywhere or mean anything.Box 14 is an information box available for your employer to give you notes. Any adjustments that would have been required regarding income and deductions will have already been accounted for. You can post your W-2 exactly as it is.1 Best answer. AliS. New Member. Box 14 on the W-2 is a " catch-all " place used by employers to report many items that don't have a box of their own. It is common for there to be multiple dollar amounts in this box. Ideally, Box 14 should contain a category for each dollar listed (example: $500.00 union dues).Box 14 CTPL Classification. I’m filing on TurboTax and on it it says I need to classify my box 14 which has an amount under $200 and says CTPL the taxes are based on CT and idk what to classify it as since there is no CTPL option on TurboTax. 4. 3. Add a Comment.To populate Box 14 for quarterly and year-end reporting: Feed the appropriate W2 Box 14 balance. Use the Common Lookups task to update the meaning of the corresponding lookup code of the ORA_HRX_US_W2_BOX_14_USER_DFND lookup type. The text you type becomes the label text appearing on the W-2 Box 14. Note: This box has a 15-character limit.In most cases, the information listed in Box 14 does not affect your federal tax return. It is for informational and state return purposes only. We provide the boxes for the most common items that can affect your return. If the description on your W-2 is included in the list, be sure to accurately make your selection and enter the amount.Quick Question On Box 14 of W2. Hello, my friend is having an issue filling out the TurboTax section on her taxes for box 14. I've never had anything in that box, so I don't know how to help. Here is the pictures of the info. Basically, we have no idea what category to select for the Nontaxable Insurance. Some of the more relevant options in ...You will enter that in the W2 Box 14 area in TurboTax as Paid Sick leave, $992.32, and select the category for "Sick leave wages $511/day" in the dropdown menu. This is information for the employer to get credit for COVID Relief.Here's the list I'm seeing in TurboTax: I just happened upon the same issue while doing my taxes today. General consensus online seems to be to choose "Other deductible state or local tax", as NYSPL stands for "New York Paid Sick Leave", which isn't an option on Turbotax's categories at least.Minimum earnings. The second requirement for CT Paid Leave eligibility is that you have earned at least $2,325 from a covered employer in the highest-earning quarter of the first four of the five most recently completed quarters (the "base period") and (1) you are currently employed or have been employed within the last 12 weeks by a covered employer, or (2) you are a Connecticut resident ...In my W2 box 14, I have a code '14Z' with the same amount as Box 1 - Wages, tips, other compensation. What 'Category' do I have to select? Choose the category of Other. View solution in original post March 5, 2023 3:35 PM. 0 1 901 Reply. Bookmark Icon. 2 Replies DoninGA. Level 15 Mark as New; Bookmark; Subscribe;Box 16/Box 17 - Employee's CPP/QPP contributions - line 30800 and line 22215. Use the total of the amounts shown in boxes 16 and 17 of your T4 slips when you complete Schedule 8 or Form RC381, whichever applies, to calculate the amounts to claim on line 30800 and line 22215 of your tax return.Hello Customer, Box 14 entries are not reported to the IRS and are not reported anywhere on your tax return.. Box 14 is an informational box only used by employers to report certain amounts paid to you or deducted from your checks, but the amounts in box 14 do not affect your taxable income and do not need to be reported on your return.. If this was helpful please press the Accept button.23) What does Coding CTPL in Box 14 of my W-2 represent? Coding CTPL in Box 14 of your W-2 represents funding to support the CT Paid Leave program. Employee payroll deductions beginning January 1, 2023 are capped at 0.5% of the employee's wages up to the 2023 Social Security contribution base of $160,200.00, or $801.00 CTPL taxes paid.The State of New Jersey utilizes Box No. 14 of the W-2 Statement to provide its employees with information regarding items that may or may not impact the calculation of taxable wages appearing in Boxes 1, 3, 5, and 16. Below you will find a brief explanation of the items that are contained in Box 14. If you are using tax preparation software ...Yes, enter it in the HSA section.Usually when you make an HSA contribution through your employer, it is a pre-tax contribution that is listed in Box 12 with a code of W.Since in your case it is being listed in Box 14, it sounds like this is an after-tax contribution.If that's correct, you would be able to take a deduction on it.You can add lines for box 14 items. Click the " Add another Box 14 item " hyperlink. The categories are NJ FLI TAX then NJ UI/WF/SWF TAX and then NJ SDI TAX with their corresponding amounts from your W2. These are all informational items in box 14 so they will not affect your tax return calculations. **Say "Thanks" by clicking the thumb icon in ...It's the first time I'm seeing the box 14 of my W-2 being not empty - it contains "447.11 COPL" value in it, which I have no idea what it means, except for "CO" probably standing for Colorado, my state of residence. And TurboTax requires to select a respected Category from a dropdown list to clarify on the value.Unless you are preparing a New York State tax return, there's nothing to select for Box 14. Box 14 is informational only. Neither a 414(H) nor fringe benefits have relevant Box 14 dropdowns. The tax treatment is already in your W2, and you don't adjust anything. If you choose a dropdown, it won't go anywhere or mean anything.Most box 14 entries on the W-2 are informational and are not used in TurboTax. You need to ask your employer if the amount in box 14 for medical expenses (premiums for insurance? What is this?) is pre-tax or not. Insurance premiums that are after-tax can be deducted on Schedule A (Itemized Deductions).January 24, 2023 06:42 AM. Thanks for getting back to us, @LogineticsLLC. Yes, it is considered company-paid since the employee portion is a 100% contribution. With regards to W2 Box 14, it's best to reach out to your tax advisor. They, be able to provide further assistance with this matter.Yes, enter your W-2 exactly as shown. Don't enter anything for Box 14 in TurboTax. This is just a note to you from your employer that tells you the amount of 'discount income' that is included in your Box 1 Wages. …To add the $0.01 in Box 14 on the related W-2, inside TurboTax, in the search box in the top right corner, enter w2 and select the Jump to link in the search results. Scroll to the W-2 to change. And select Review and Review. Continue through the prompts until you see the income reported in Box 1.W2 form boxes explained. It has everything you need to know about each field on the W2 form and how QuickBooks fills each box. E-file Federal W-2 Forms. It guides you through filing your W2 forms automatically in QuickBooks. Feel free to ask more questions if you have any. We're always here to work with you. Have a great day ahead.Edit or change your rate or account number. Go to Lists, then select Payroll Item List.; Double-click the CT - Paid Leave item.; Select Next until you get to the Agency for company-paid liability screen.; Enter or edit your account number. Select Next.; Verify or change your rate. Select Next, then select Finish.; Delete Connecticut Paid leave from …Check the "CT-1" checkbox on Form W-3, box b, "Kind of Payer," to transmit Forms W-2 for employees with box 1 wages and box 2 tax withholding. Use Form W-2, box 14, to report total RRTA compensation, Tier 1, Tier 2, Medicare (excluding Additional Medicare Tax), and any Additional Medicare Tax withheld for each employee covered by RRTA tax.Box 14 is informational - S125 means it's the amount of premiums you paid tax-free for you company's Section 125 (aka cafeteria) benefits plan. February 28, 2021 4:53 AM 0Box 12DD displays the cost of employer-provided group health insurance. This is for informational purposes only and has no effect on your grosses or taxes. If there are more than five entries in Box 12, or more than four entries in Box 14, a second W-2 will print with only that information. Box 14 Codes (if applicable) are as follows for 2023:LenaH. Employee Tax Expert. Yes, it is fine that they are grouped together into one lump sum in Box 14 of your W2. New York Paid Family Leave refers to premiums paid for NYPFL and NY disability stands for the NY Disability Benefits Law. Please report the lump sum in Box 14 and select the description "Other mandatory state or local tax not on ...If the Employer opts to report EPSL and/or PHEL benefits in Box 14, the language will vary depending on the situation. Below are the phrases to use next to the amount paid shown in Box 14: Use “sick leave wages subject to the $511 per day limit” if EPSL is paid due to one of the following circumstances:So enter the max for box 14 on that W2. Excess CA SDI will be on CA 540 line 74. July 29, 2020 4:51 PM. 0 1 25,953 Bookmark Icon. wangwei8027. New Member Mark as New; Bookmark; Subscribe; Subscribe to RSS Feed; Permalink; Print; Report Inappropriate Content; W2 box-14 has "VDI". Is this same as "VPDI" which is listed in the Box-14 category ...Go to Screen 10, Wages, Salaries, Tips. Under the Wages section, locate the Box 14 subsection. Enter the amount in one of the applicable fields: RRTA compensation. RRTA Tier I withholding. RRTA Tier II withholding. RRTA Medicare tax. RRTA additional medicare tax. Ministers housing allowance (SE only)The text you type becomes the label text appearing on the W-2 Box 14. Note: This box has a 15-character limit. If you're exporting your payroll data to ADP, they enforce a 10-character limit. You must perform additional configuration if multiple states share the balance you're using, such as for Family Leave Insurance.1 Best answer. DMarkM1. Expert Alumni. Most likely the lines mistakenly duplicated during the import and the duplicates should be deleted. If your Form W2 itself does not show two lines, then you should delete the extra lines from your TurboTax entries. Ultimately what is entered in TurboTax needs to match your actual Form W2.Reading Your Form W-2. Boxes 1 - 8: Information that appears on your Master List and Year-To-Date reports. Box a: Your employee's SSN. Box Box local List and Year-To-Date reports. included in Box 14 exceed the space limit, additional W-2s will print. Boxes 12a - 12d: (abbreviated code descriptions).1 Best answer. AliS. New Member. Box 14 on the W-2 is a " catch-all " place used by employers to report many items that don't have a box of their own. It is common for there to be multiple dollar amounts in this box. Ideally, Box 14 should contain a category for each dollar listed (example: $500.00 union dues).Expert Alumni. The NY FLI item should be entered in the W2 topic. For box 14 use the dropdown category "Other Deductible state or local tax" as this is itemized deduction on Schedule A should your itemized deductions exceed your standard deduction. **Say "Thanks" by clicking the thumb icon in a post.For reference: CT minimum wage multiplied by 40 will be equal to $520 weekly in January 2022, increasing to $560 on July 1, 2022, and $600 on June 1, 2023. CT minimum wage multiplied by 60 will be equal to $780 weekly in January 2022, increasing to $840 on July 1, 2022, and $900 on June 1, 2023. *The Paid Family and Medical Leave …Las letras en MAYÚSCULA en el Recuadro 12 reportan diferentes cosas al IRS (Servicio de Impuestos Internos). A continuación se explica qué significa cada código. Códigos del Recuadro 12. A: Impuesto del Seguro Social o RRTA (Ley Tributaria de Jubilación de Empleados Ferroviarios) no retenido sobre propinas reportadas a tu empleador.ThomasM125. Expert Alumni. To deduct this as a state income tax, you would enter "NYPFL" in the description for box 14 of your W-2 form, then the amount in box 14 and select "Other deductible state or local tax" for the entry the Category box. **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by ...Box 14 is used to report amounts that don’t belong in other boxes on Form W-2. Employers can use it to report additional tax or income information for filing or informational …The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**. February 19, 2024 9:46 AM. Box-14 of your W-2 is used by your employer to report amounts that don't go in any other boxes of your W-2. You will need to check with your employer to find out what TRANS is.There is no entry in box 12 to cover my pre-tax state employee retirement contribution. My pre-tax retirement contribution is not included in box 1 wages, but is included in Social Secuity and Medicare wage boxes.The CTPL program is not dollar for dollar wage replacement. If an employee's wages are less than or equal to the Connecticut minimum wage multiplied by 40, the weekly benefit rate under CTPL will be 95% of the employee's average weekly wage. If an employee’s wages exceed the Connecticut minimum wage multiplied by 40, …23) What does Coding CTPL in Box 14 of my W-2 represent? Coding CTPL in Box 14 of your W-2 represents funding to support the CT Paid Leave program. Employee payroll deductions beginning January 1, 2023 are capped at 0.5% of the employee’s wages up to the 2023 Social Security contribution base of $160,200.00, or $801.00 CTPL taxes paid.Box 14 of the W-2 statement likely has a dollar amount listed with the 414 (h). This is the number of funds that were contributed to the retirement plan. The 414 (h) funds are not taxable. This means that they are removed from the paycheck and placed in the special retirement savings account prior to taxes being assessed.If the Employer opts to report EPSL and/or PHEL benefits in Box 14, the language will vary depending on the situation. Below are the phrases to use next to the amount paid shown in Box 14: Use “sick leave wages subject to the $511 per day limit” if EPSL is paid due to one of the following circumstances:Level 2. 02-08-2021 11:54 AM. I have a client who has "CAF 125" shown in Box 14 on their W2... Does anyone know what that stands for? I think it is cafeteria benefits. I understand it is not taxable at the federal level but is it taxable at the state level. The state is NY and the individual is a non-NYC resident and resides and works in Long ...Simple tax situations (W-2 only) Itemized deductions Investors/rental properties Self-employed/gig workers Pricing. File your own taxes with a CD/Download. Back. ... It was on my W2, under Box 14 OTHER: 1300.00 June 6, 2019 12:48 PM. 0 1 1,116 Reply. Bookmark Icon. wjordan. Level 1 Mark as New; Bookmark; Subscribe; Subscribe to RSS Feed ...What does code "PNS" in box 14 of my W-2 mean? Wondering if it's my contribution to retirement plan (I work for local government). Thanks. posted June 1, 2019 9:57 AM. last updated June 01, 2019 9:57 AM. 0 1 448 Reply. Bookmark Icon. Connect with an expert. x Do you have an Intuit account? ...If you are a Military Servicemember or Federal civilian employee, your W-2 may contain codes and dollar numbers in Box 14. You will need to interpret them to enter them into your return. Here are the meanings to assist you. C = Taxable Permanent Change of Station (Included in Box 1)Quick Question On Box 14 of W2. Hello, my friend is having an issue filling out the TurboTax section on her taxes for box 14. I've never had anything in that box, so I don't know how to help. Here is the pictures of the info. Basically, we have no idea what category to select for the Nontaxable Insurance. Some of the more relevant options in ...Telephone: (860) 263-6970 Fax: (860) 706-5767. For questions regarding a claim for CTPL compensation or to submit a document in a pending claim, please contact the CT Paid Leave Authority. Telephone: (877)499-8606. Fax: (888)485-0973.Unsolved. In box 14 on my state W2 section it says RESTSK and Other with an amount there. What is this and what does it mean? 1. 2 Share. On your 2020 Form W-2, the amount of the value will be included in box 1, Wages, tips, other compensation; and box 14. To claim your expenses, complete Form 2106, Part II, Sections A and C. Enter your actual expenses on line 23 of Section C and include the entire value of the employer-provided car on line 25. Complete the rest of the form. The word "RED" in box 14 indicates the taxpayer may be eligible for a Revenue Bond Service Credit on their Mississippi return. This amount can be entered on screen W2, box 14 for record keeping purposes, however, a direct entry is required if the taxpayer qualified to take the credit this year. To enter the credit, go to the MS CRED screen on ...Making sense of Box 14. Employers use Box 14 on Form W-2 to provide other information to employees. Generally, the amount in Box 14 is for informational purposes only. However, some employers use Box 14 to report amounts that should be entered on your employee's personal tax returns. Some examples of items reported here could be: the lease ...Box 1: Wages, Tips and Other Compensation. This number is calculated using your GROSS pay from your last paycheck of the year minus pretax deductions (e.g., 401 (k), medical, dental, HSA). Box 2: Federal Income Tax Withheld. This is the total amount you paid to the FEDERAL government in taxes. Box 3: Social Security Wages.Expert Alumni. After entering the description from your W-2's box 14, enter the dollar amount and select the correct tax category that goes with that description. If none of the categories apply, scroll to the bottom of the list and choose Other (not classified). You should always report your W-2 form exactly as shown on the form.The tax year 2021 W-2 reporting is only required for the W-2 issued to the employee. Because this information is reported in Box 14, most of us are aware that Box 14 information is not included in the e-file submitted to the SSA/BSO or the IRS. The IRS Notice 2021-53 provides detailed information.What is the right category you select in TurboTax, if Box 14 on W2 says VPDI? Question? Box 14 in W2 has VPDI and the state is California. What is the right category to select in TurboTax? California VPDI Tax. Wages for SDI, VPDI, TDI, UI, etc. 2.A flexible spending arrangement (FSA) allows employees to get reimbursed for medical or dependent care benefits from an account they set up with pre-tax dollars. The salary-reduction contributions are not included in your taxable wages reported on Form W-2. Under a typical FSA, you agree to a salary reduction that is deducted from each paycheck ...The CTPL program is 100 percent funded by employees and voluntary self-enrolled participants. Employees will fund the CTPL program by contributing 0.5 percent of their incomes via a mandatory payroll deduction. The PFMLA does not require employers to contribute toward the program. State government employees who belong to unions are also exempt.
@brockstar For most people, items in Box 14 of their W-2 is informational only. It is used by employers to show things like the amount of income from stock options included in Box 1. For Rail Road employees, some of the information reported in Box 14 is NOT informational only. Railroad Tier I and Tier II tax is reported in Box 14, and needs to .... Craiglist wheeling wv
If you don't see a category in the TurboTax list that matches your W-2 entry, don't worry. We'll figure out if it impacts your return or not. If we need more information, we'll ask you. Box 14 — Employers can use this W-2 box to report information such as: State disability insurance taxes withheld . Union dues . Uniform paymentsFeb 18, 2022 · Expert Alumni. After entering the description from your W-2's box 14, enter the dollar amount and select the correct tax category that goes with that description. If none of the categories apply, scroll to the bottom of the list and choose Other (not classified). You should always report your W-2 form exactly as shown on the form. Level 1. Box 14 Listed as: "ESL1" on my W-2 was given by my employer when they shut down for the initial Covid response. This box was filled out by the employer due to the days I was out while they figured out how to come back. This pay was also given by my (7) PTO days earned that I used for this.Contains help information for countries for which there is not a guide.You often hear the terms “estate tax” and “inheritance tax” used interchangeably, but the two taxes are not the same. Estate tax is collected by the Federal Government, while inher... If they appear in Box 14 of the W-2, it is for informational purposes only (which you can verify with your employer). When you run the program alerts under the Review tab, you will be reminded of these Box 14 entries. This is to make sure people are aware that the amount will not go elsewhere in the return. Essential for understanding W2 forms is decoding Box 14, which reveals crucial information about health insurance premiums. This knowledge allows employees to grasp their documentation and make informed decisions regarding taxes and financial planning. Employers often include this data in Box 14, simplifying the process for employees.1 Best answer. Len3. New Member. Hi Rslawson1, Generally, contributions to your 401 (k) or TSP plan will show up in box 12 of your W-2 form, with the letter code D. You can get to the W-2 section in TurboTax by searching for W-2 (upper- or lower-case, with or without the dash) and then clicking the Jump to W-2 link in the search results.Coding CTPL in Box 14 of your W-2 represents funding to support the CT Paid Leave program. Employee payroll deductions beginning January 1, 2022 are capped at 0.5% of the employee's wages up to the 2022 Social Security contribution base of $147,000.00, or $735.00 CTPL taxes paid.It's simply an information box. If any amounts are reported in Box 14, it should include a brief description of what they're for. For example, union dues, employer-paid tuition assistance or after-tax contributions to retirement plans. This information may be used in a different part of your return, but it won't affect your W-2.If you are a Military Servicemember or Federal civilian employee, your W-2 may contain codes and dollar numbers in Box 14. You will need to interpret them to enter them into your return. Here are the meanings to assist you. C = Taxable Permanent Change of Station (Included in Box 1)The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**. February 19, 2024 9:46 AM. Box-14 of your W-2 is used by your employer to report amounts that don't go in any other boxes of your W-2. You will need to check with your employer to find out what TRANS is.New Jersey SDI cannot be greater than $60. All 3 of my values are above these amounts, however, NJ Division of Taxation Website claims the maximum amounts for 2020 are: UI/WF/SWF — $150.03; DI — $350.74; FLI — $215.84. And all 3 of my values are below these amounts. I called customer service and they insist its a problem with my W2 and ....
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