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Railroad Retirement Contributions or Income
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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 Federal. 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 New Copy of Form W-2 (Desktop users 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 Federal. 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 Federal. 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 New Copy of Form RRB 1099-R (Desktop users click Add) to create a new copy of the form or click Review to review a form already created

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