What does IMPT mean or stand for?

Forum|Forum|5 years ago
May 2, 2021
2 replies
1 view

I am being directed back to line 14 of my w-2-I think it has to do with entering IMPT-what does IMPT mean/stand for?

TurboTax Deluxe Online

ErnieS0

Level 15

Check with your employer. Box 14 is a "catch all" box. The IRS allows employers to enter into Box 14 anything of importance that is not reported in any other box. The amount may be taxable, deductible or just there for informational purposes.

Most likely TurboTax is asking for a code so it knows what to do with this number. You can use Other (not classified) if nothing else fits.

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SweetieJean

Alumni - Champ

It might mean Imputed Income. If so, though, it it usually recorded on Form W-2 in Box 12. But, as suggested, check with your employer.

What does IMPT mean or stand for?

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