Below you will find information on both Tier I and Tier II railroad retirement contributions reported in Box 14 of your Form W-2 Wage and Tax Statement, 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:
See Form W-2 - Entering in Program for more information.
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:
Form RRB-1099-R is to report transactions related to a railroad retirement plan:
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.