All Posts

The IRS doesn't standardize the codes for Box 14, so employers are free to use whatever abbreviations they want to report "other" information.   GMSHSAA1 isn't a "universal tax acronym", but we can probably decode it based on common payroll naming conventions: GM: Often stands for Group Medical. HSA: Almost certainly refers to a Health Savings Account. A1: Usually denotes a specific plan tier or a "pre-tax" category.   This probably represents your Employer's Contribution to your Health Savings Account (HSA) or a specific Health Insurance Premium deduction.   Box 14 is generally "informational only" so not taxable.  If this is an HSA contribution from your employer, it is already excluded from your Box 1 (Wages) and is not taxed.  If it is a Health Insurance Premium you paid pre-tax, it’s also already excluded from your taxable income.   Enter the Box 14 code GMSHSAA1 exactly as it appears (when you enter your w-2). Enter the amount. When the software asks for the "Category," look for "Other - not on list above" or "Health Savings Account (HSA)" if it gives you that specific option ("Other" is the fallback, safest bet). Note: Usually, the "Year-to-Date" (YTD) totals for things like "HSA ER" (Employer) or "Medical Insurance" on your final pay stub will match the dollar amount next to that code. 

This was helpful. The part of the step by step that wasn't clear was that I needed to include the amount that  is deductible as a farm expense in both the blank for the deductible expense AND also in the blank that asks for the part of the property taxes that wasn't on my personal home. It looks like it is double counting the deductible expense, but the numbers come out correctly as verified in the Forms Mode. Thanks.

I went here https://itap1.for.irs.gov/owda/0/investigate/WhoMustFile_ITA/en-US/ScreenOrder~Main~qs%24summary%24global%24global and plugged in her data. This time I put 24,500 SS and 6250 IRA distribution. Then 1/2 of SS (=$1250) + 6250 = 1850 total gross income. Answered all the questions and it put this out. --- You are required to file a tax return for 2025. Your return's gross income is equal to, or exceeds, $17,750.00 (Edit add me, now that 17,750 is the standard deduction filing single for 2025, end Edit add me) What tax year are you asking about? 2025 What is your filing status for 2025? Single Did you receive SS benefits in 2025? Yes What total of SS benefits from box 5 of Form SSA-1099? $24,500 What total amount of wages, interest and other taxable income? $6,200 Did you have any tax-exempt interest in 2025? No Can you be claimed as dependent on other taxpayer's return? No Were you age 65 or older as of January 1, 2026? Yes What was your gross income in 2025? $18,500 --- But yet if you look here, https://itap1.for.irs.gov/owda/0/resource/WhoMustFile_ITA/en-US/help/grinc2021.html It says --- Include part of your SS benefits on total gross income IF: 1. Married, filing separate and lived with spouse during year; OR 2. Half of SS benefits plus other gross income IS MORE than $25,000. --- So again one scenario says you must file IF you exceed the Standard Deduction of 17,750 total gross income. And then yet another says Only if Half of SS benefits plus other gross income IS MORE than $25,000. So go figure, seems like the IRS and the Tax consultants have a money making scheme going that others are not privy to.

Do I need to file an Amended Return to correct the over calculation of estimated taxes for 2026?  I don’t need to file estimates because of reduced income due to retirement.  My Federal return has been accepted.