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Entering W2 for Nontaxable Medicaid waiver payments that qualify as difficulty of care payments WITH Notice 2014-7
Hi. I have a question: I receive income as a caregiver for my children. I receive a w2 form with income in Box 1 but this is non taxable in my state. My question is this:
When adding the W2, do I click the box that says "Nontaxable Medicaid waiver payments that qualify as difficulty of care payments" and the do I also add the Notice 2014-7 form with the Negative amount thats in box 1 of my W2? When clicking this box, my tax refund goes up a substantial amount so I wanted to check on this with experts before moving forward.
Thanks!
‎February 7, 2024
8:44 AM