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Unlock the mysteries of W-2 box 14 codes! Discover what employers can report in this catch-all section of your Form W-2 and learn hidden tax secrets today.
W-2 box 14 codes list. Below is a list of some of the most common codes you might find in Box 14 of your W-2 form. Each code is accompanied by a brief explanation to help you understand what it represents.
Employers can use box 14 on W-2 forms to report additional information, which can vary according to the state or local area. Examples of items that may be reported in box 14 include: The lease value of a vehicle provided to an employee. A clergy member’s parsonage allowance and utilities.
If you are a Military Service member 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.
While you can easily interpret form fields like your name and Social Security number, there are other box codes that are more involved ways to report your taxable wages. We’ll cover W-2 box codes in depth here to help any questions you may have when you receive your form. What do W-2 box codes show?
In most cases, the information that your employer lists in Box 14 of your W-2 does not 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.
Box 14 of Form W-2 Wage and Tax Statement allows your employer to enter a variety of information. Employers might use abbreviations and codes in Box 14, and you may need to ask your employer to interpret those abbreviations or codes.
