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Retirement tax questions
The IRS does not give a set list of options for box 14 - this box is used primarily for the employer to communicate something to the employee. If you don't know what it is, we advise "Other" as the category.
However, I am puzzled that your "state pension deductions" are not listed above in box 12. What are these deductions? Are they, as Tom suggested, a contribution to your retirement plan? Or are they after-tax contributions to your plan? Have you asked your employer what they intended to communicate to you by making this entry? As an aside, what is your state pension? a 457? a 401(a)?
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‎January 19, 2024
12:32 PM