In Box 14 of my W2, there is an amount for my car allowance. Do I need to list that amount as a reimbursement of a business expense? It is not included in Box 1.
If you take the amount in Box 5 (Medicare Wages) and subtract the amount in Box 14 (car), and Box 12 (D, elective deferals to my retirement account), it equals Box 1.
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Box 14 is informational. It is showing that you received a non-taxable reimbursement for that expense because you submitted it to a qualified accountable plan. You should enter the information into box 14 on the W2 screen as it appears on your W2 (in the dropdown box you can scroll all the way down to the last option and select "Other"). It should have no impact on your actual tax return, however.
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