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d1hitter21
New Member

Box 14 has entries IRC125 1508.00 414H 1539.05 Which entry is subject to tax?

 
2 Replies
macuser_22
Level 15

Box 14 has entries IRC125 1508.00 414H 1539.05 Which entry is subject to tax?

Box 14 is mainly information. You employer can put anything they want there. Most entries have no tax implications, (only a few entries such as state disability tax are standard) but if unsure ask your employer to explain what they mean. (Some employer give the explanation on the back of the W-2 form).
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
rjs
Level 15
Level 15

Box 14 has entries IRC125 1508.00 414H 1539.05 Which entry is subject to tax?

The 414H entry is the amount that you contributed to a 414(h) retirement plan. It is not subject to federal income tax, and therefore is not included in box 1 of your W-2. It is subject to Social Security and Medicare taxes, so it is included in boxes 3 and 5. Some 414(h) contributions are subject to state income tax and some are not. The rules may be different in different states. Ask your employer.
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