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posted Jun 4, 2019 1:16:07 PM

In Box 14 the W2 says 4653.24 RET. My wife works for school district. Is this retirement?

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1 Best answer
Level 9
Jun 4, 2019 1:16:09 PM

Yes-  box 14 is for any other information for the employee. 

Examples include state disability insurance taxes withheld, union dues, uniform payments, health insurance premiums deducted, nontaxable income, educational assistance payments, or a minister's parsonage allowance and utilities. 

It includes the following contributions to a pension plan: (a) nonelective employer contributions made on behalf of an employee, (b) voluntary after-tax contributions (but not designated Roth contributions) that are deducted from an employee's pay, (c) required employee contributions, and (d) employer matching contributions.

1 Replies
Level 9
Jun 4, 2019 1:16:09 PM

Yes-  box 14 is for any other information for the employee. 

Examples include state disability insurance taxes withheld, union dues, uniform payments, health insurance premiums deducted, nontaxable income, educational assistance payments, or a minister's parsonage allowance and utilities. 

It includes the following contributions to a pension plan: (a) nonelective employer contributions made on behalf of an employee, (b) voluntary after-tax contributions (but not designated Roth contributions) that are deducted from an employee's pay, (c) required employee contributions, and (d) employer matching contributions.