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Below you will find information on both Tier I and Tier II railroad retirement contributions reported in box 14 of your IRS Form W-2, as well as retirement income received during the year.

Tier I or Tier II railroad retirement contributions reported in Box 14 of your Form W-2 are reported in the Wages and Salaries section of the Federal Q&A:
  1. From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
  2. Click Wages and Salaries to expand the category and then click Wage income reported on Form W-2
  3. Click Add to create a new copy of the form or click Review to review a form already created 
  4. Click Quick Entry or Step-by-Step Guidance to enter or review. If you select Quick Entry be sure to scroll down to answer all applicable questions. If you select Step-by-Step Guidance, continue to the screen titled Wages - W-2 - Other Information where you can enter the information for these contributions.
Retirement income for retired railroad workers can be reported to them on two completely different forms (Form RRB-1099 and Form RRB-1099-R). Unfortunately, they have very similar names and this can cause some confusion on how to enter them into TaxAct.

Form RRB-1099 is to report Social Security Equivalent payments:
  1. Click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
  2. Click Social Security Benefits
  3. On the following screen you are able to enter or review the information
Form RRB-1099-R is to report transactions related to a railroad retirement plan:
  1. Click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
  2. Click Retirement Plan Income to expand the section and then click Railroad retirement benefits (Form RRB 1099-R)
  3. Click Add to create a new copy of the form or click Review to review a form already created

For more information on Form RRB-1099 and Form RRB-1099-R please refer to IRS Publications 915 and 575.

IRS Publication 915 Social Security and Equivalent Railroad Retirement Benefits

IRS Publication 575 Pension and Annuity Income

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