MayaD
Expert Alumni

Retirement tax questions

Members or employees of the following organizations will need to enter 414(h) contributions on Form IT-201, Line 21 or Form IT-203, Line 23:

  • NYS and Local Retirement systems, which include the NYS Employees' Retirement System
  • NYS Teachers' Retirement system
  • State or City University of New York who belongs to the Optional Retirement Program
  • NYC Employees' Retirement System, the NYC Teachers' Retirement System, the NYC Board of Education Retirement System, the NYC Police Pension Fund, or the NYC Fire Department Pension Fund
  • Manhattan and Bronx Surface Transit Operating Authority (MABSTOA) Pension Plan

The amount entered will be added back as income on your New York tax return. 

 

When entering your W-2 box 14, select "NY IRC 414H Subject to NY Tax" 

 

 NYs will tax the contribution when you report it correctly. 

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