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Level 2

Question

THE W-2 BOX 14 HAS THE LETTERS V AND Y BUT NO DESCRIPTION.WHAT DO I ENTER THERE?

Forum|Forum|5 years ago
May 11, 2021
1 reply
2 views

No text available

Employee Tax Expert

Employee Tax Expert

If the categories for your deductions (V and Y) in Box 14 are not listed as an option, then you can select the category labeled Other - not on the list above. Since there’s no standard list of W2 codes for Box 14, employers can list any description they choose.

Generally, the Box 14 items of your W-2 are for informational purposes and would not affect your income tax return.

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Level 2

Thank you for explaining there is no standard list of number codes. The choice you suggest in TT-D 2021 is "Other (not classified)"