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amlfro
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What does it mean if you have an X in box 13 statutory retirement third party

 
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6 Replies
Rachel_W
Expert Alumni

What does it mean if you have an X in box 13 statutory retirement third party

As you mentioned in your question, Form W-2 Box 13 has 3 Different "Check Boxes".  Below is an explanation of each:

  • Statutory Employee: If this box is checked, you are treated as Self-Employed for tax purposes and must report your income and expenses on Schedule C.  This status usually applies to Employees working on Commission like Real Estate Agents, Life Insurance Salespersons, and Direct Sellers.
  • Retirement Plan: If this box is checked, it means you had access to a Retirement Plan through your Employer during the year such as a 401(k). A check in this box may limit your ability to get other tax incentives for retirements plans like deductible IRA Contributions.
  • Third Party Sick Pay: If this box is checked, you received payments for sick-pay from a company other than your employer, usually an insurance company.  Generally, these payments are not included as Wages in Box 1 of your Form W2.
sam1982
Returning Member

What does it mean if you have an X in box 13 statutory retirement third party

In error I checked the third party sick pay box instead of the retirement plan box--how do I fix this?

RobertG
Expert Alumni

What does it mean if you have an X in box 13 statutory retirement third party

Here is how you edit Box 13 (Third Party Sick Pay) of your W-2.

 

Type 'Form W-2' into the search box

Select 'Go to W-2'

Then select 'Edit', next to the W-2 you need to edit.

Uncheck the box for Third Party Sick Pay

 

@sam1982

 

 

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sam1982
Returning Member

What does it mean if you have an X in box 13 statutory retirement third party

Well, I guess I should have stated that I already filed it and it has been accepted--so I cannot change the W2.

Thank you.

Jkjk
New Member

What does it mean if you have an X in box 13 statutory retirement third party

So if these wages aren’t included in box 1. Where would I input wages from sick pay. My husband had one week of STD pay. We don’t know if and where we need to put this information. We didn’t receive a tax form. Just a letter from his insurance letting us know how that week of pay was broken down towards taxes and stuff. 

What does it mean if you have an X in box 13 statutory retirement third party

The deadline to mail W-2 forms is January 31.  Wait until the end of next week and see if you get a W-2 for the sick leave.  If you don't receive a W-2, then contact the sick leave insurance company and verify that there will be no W-2.  If there is no W-2 for the sick leave, then you just need to save the letter from the insurance company for your records.
 

@Jkjk

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