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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.
What is W-2 Box 14? Box 14 of the W-2 form is designated for additional tax information that doesn’t fit into the other boxes on the form. This box serves as a catch-all for various types of income, deductions, and other compensation that employers need to report to employees for tax purposes.
What is box 14? 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.
Box 14 — Employers can use W-2 box 14 to report information like: A member of the clergy’s parsonage allowance and utilities Any charitable contribution made through payroll deductions
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. C = Taxable Permanent Change of Station (Included in Box 1)
26 cze 2024 · 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. In TurboTax, enter the description from your W-2's box 14 on the first field in the row.
Medicare tax withholding and are included in boxes 1, 3, and 5 (or box 14 for railroad retirement taxes) of Form W-2 and are reported in box 12 using code F (for a SEP) or
