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Business & farm
It depends. These deductions may be deductible as a state and local tax if you itemize your deductions on Schedule A (Itemized Deductions). Please keep in mind that these items would be on Line 5a and combined with your other state and local taxes, which is capped at $10,000 per year. If you do not itemize, then the input of these items will not affect your tax return.
Generally, the Box 14 items of your W-2 are for informational purposes.
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‎February 12, 2022
5:40 AM
136,928 Views