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Retirement tax questions
There isn't a separate distinction or deduction in TurboTax as your wages are already reduced by the amount contributed to the commuter benefit system. Therefore, there is no need to separately deduct this amount.
This will flow through to your New York State/City Tax Return when your W-2 is entered into TurboTax, because this adjustment is already reflected on your Form W-2.
Your IRC 132 Commuter Benefits are not subject to taxable wages, state or city taxes.
Click here for information regarding NYC and your Form W-2, under "How are my pre-tax benefit program deductions shown on my W-2?"
Click here for information on how to preview your return prior to e-filing.
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‎February 22, 2023
6:11 PM