Can I get the answer for this for 2020? The category options for box 14 look slightly different.
The NYC Payroll website offers the following explanations of the codes for Box 14 of the W-2:
New York IRC 125 /SEC 18
These are the payroll deductions covered under the Internal Revenue Code Section 125 for flexible spending account programs.
These include:
If you added a domestic partner to your health insurance, a portion of the amount paid by the City is taxable and is included in Box 14.
The amount in the IRC125 box is treated on a pre-tax basis for federal income purposes. It reduces your taxable wages (Box 1) and social security and Medicare wages (Boxes 3 and 5). The reduction in year-to-date earnings shows in your W-2, not in your pay statement.
This amount is subject to state and City taxes and must be added back to the taxable wages in Box 1 when you file your taxes. The amount for DeCAP is shown in Box 14 and Box 10.
IRC414(h) for Pension Contributions
These are the payroll deductions covered under the Internal Revenue Code Section 414 for pension contributions.
If you are a pension member, your taxable wages in Box 1 are reduced by the amount of your pension contributions. Your contributions shown in Box 14 are not subject to federal income tax, but are subject to FICA (social security and Medicare), state, and local taxes.
To obtain your taxable wages for New York State and City, add the amount in Box 14 to that in Box 1. Only standard pension deductions and certain "buy back" deductions are included in the IRC414H amount. Pension loan repayment deductions are not included.
Irene, thanks, but your response doesn't appear to address the question. Which option do we select for Box 14 - Category, for the item NY PFL? The 2019 answer doesn't seem to apply to the currently available options in the TurboTax dropdown. There are two "other" options at the end -- one of those?
The category description for both the NYPFL and NYDBL box 14 W-2 entries should be entered as "Other - not on the list above". I've highlighted the category you should choose in the picture below.
@LenaH There is not an option for "Other Not On the List Above"
Only options for "Other" are "Other Deductible State or Local Tax" or "Other Not Classified"
For NYPFL and NYDBL, please choose Other deductible state or local tax from the drop down list you shared. If you itemize deductions on your federal tax return, these contributions are deductible on Schedule A.
What if you don't itemize federal? These deductions should be included in the NYS itemized deductions. They aren't included for me.
Whether you itemize or not, you should still enter your W-2 exactly as you received it.
,It won't affect your federal return or ability to e-file, but there is always a chance that the information might affect your state return (not in this case, but still it is the best practice to enter everything on your W-2).
For these two items, enter "Other - not classified" or "Other – not on above list", the last choice on the drop-down list of available categories for Box 14.
one person says that for NY PFL it should be "other not classified" category, another answers it's "other state and local tax". If I have both options which one should I choose?
Either choice is OK. There is no effect on your tax calculation
What category am I suppose to select on box 14. There is a deduction for NYPFML.
Enter "Other - not classified" or "Other – not on above list". Your entry here will not affect your ability to e-file or your tax calculation.
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.
If you don't see a category in the TurboTax list that matches your W-2 entry (NYPFL or NYDBL), don’t worry. We'll figure out if it impacts your return or not. If we need more information, we'll ask you.
See New York Disability Benefit Law (NY DBL) and Paid Family Leave (NY PFL) for a summary of these two insurance benefits.
Is the following category in Box 14 correct for NYPFLVP?
"Other deductible state or local tax"
The options mentioned in the community were not exactly specified in TurboTax (e.g. the mention of being deductible or not).
Yes, you can use "Other deductible state or local tax" as the Box 14 category for NYPFLVP.
You can also enter "Other - not classified" or "Other – not on above list". Your entry here will not affect your ability to e-file or your tax calculation.
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.
If you don't see a category in the TurboTax list that matches your W-2 entry, don’t worry. We'll figure out if it impacts your return or not. If we need more information, we'll ask you.
I also have an amount of Transit in box 14. How should I categorize this?
Box 14 is not used on your tax return.
It is used by your employer's payroll department.
You can choose whatever looks right or leave Box 14 on a W-2 blank.
Any idea what box to select so that NYS can be efiled? When selecting other, it's kicking it into a paper return.
The Description (your entry) is whatever showing on your W-2.
The drop-down code would have to be one these "other" codes:
You can file your NY return by mail. They "require" you to e-file, but there are numerous exceptions to that requirement.
so, it has to be my mail .... no ability to efile to NY because of some mandatory tax we have to pay???
@jcastro002 NY wants you to efile. Enter the correct box 14 and the program handles it for you.
Hello! Re-opening this thread for 2022! (2021 taxes) NYS can just be listed as Other Not Classified, correct?