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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.
The following W-2 box 14 codes list reveals some of the most widely used codes and what they represent. This cheat sheet provides insight into what your employer is attempting to communicate via those mysterious letter and number combos.
Form W-2 box 14 codes Income The instructions for Form W-2, box 14 state that employers may "use this box for any other information that you want to give to your employees."
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
31 Οκτ 2024 · 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.
In most cases, the information that your employer lists in Box 14 of your W-2 does not affect your income tax return. In fact, for many Box 14 entries, the IRS does not even provide a place for it to get reported on your return forms. The program provides you with a drop-down menu of codes you are able to select for your W-2 Box 14 entry.
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. Enter the dollar amount and select the correct tax category that goes with that description.
