turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Box 14 reads "414H" only. What category does this fall under?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Box 14 reads "414H" only. What category does this fall under?

Choose “other “. What you input has no effect on your return. 

MaryK4
Expert Alumni

Box 14 reads "414H" only. What category does this fall under?

If you are in New York, you will have to designate it taxable or nontaxable:

 

414h is for public employee retirement contributions.  Public employee retirement contributions may be subject to New York tax even though they are not subject to federal tax. ALL NYS public employee retirement contributions, EXCEPT Long Island Railroad and Staten Island Railroad, are subject to New York tax. Public employee retirement contributions from other states are not subject to New York tax.

 

The following 414(h) retirement contributions shown on federal form W-2, Wage and Tax Statement, ARE TAXABLE by New York State:

*    A member of the New York State and Local Retirement systems, which include the New York State Employees' Retirement System and the New York State Police and Fire Retirement System.
*    A member of the New York State Teachers' Retirement System.
*    An employee of the State or City University of New York who belongs to the Optional Retirement Program.
*    A member of the New York City Employees' Retirement System, the New York City Teachers' Retirement System, the New York City Board of Education Retirement System, the New York City Police Pension Fund, or the New York City Fire Department Pension Fund.  

 

If you are not in New York, you can use Other (not classified).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question