Help Topic: Enter or Edit Form W-2 - Box 14 Other Information

Topic: Enter or Edit Form W-2 - Box 14 Other Information

Employers use Box 14 on Form W-2 to provide information to employees. Examples of this information include (but are not limited to); union dues, health insurance premiums deducted, nontaxable income, voluntary after-tax contributions or educational assistance payments.

Below is information regarding Itemized Deductions reported on Schedule A. If you have any of the below information on your W-2, the information needs to be reported on Schedule A.

Health insurance premiums (not pre-tax) - reported on Schedule A, line 1
Voluntary after-tax contributions - reported on Schedule A, line 16
Unreimbursed employee expenses - reported on Schedule A, line 21
Union dues - reported on Schedule A, line 21

To enter any of the above information onto Schedule A:

Click on Federal Q&A.
Select topic Itemized Deductions and click Review Topic.
Select the appropriate topic for your situation and click Continue.
The program will proceed with the interview questions for you to enter the appropriate information.

If your employer reported amounts for any of the items listed below, do NOT enter these amounts in Box 14 of the W-2. These items are addressed in separate questions in the TaxACT Federal Q&A topic 'Wages and Salaries'.

Mandatory Disability Insurance (SDI)
Section 414(h) contributions
Section 125 flexible spending account contributions
Tier I or Tier II Railroad retirement contributions in Box 14 of Form W-2

To enter or edit Form W-2, Box 14 information:

Click on Federal Q&A.
Select topic Wages and Salaries and click Review Topic.
Select topic Wage Income Reported on Form W-2 and click Continue.
Select the form you want to review and click Review or click on New Copy and click on New.
Continue to the screen W-2 - Other and click Yes.
Please note, entry of information from Box 14 does not flow to any form in TaxACT. This information is only for your benefit.

If you have questions, regarding information reported in Box 14, contact the employer that issued the Form W-2. Various codes can appear in Box 14 and employers use many different abbreviations to identify what they have listed.

New York State withholding will generate a question regarding 414(h) as this affects the New York State return.