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W2 Box 14

Good Afternoon

Regarding Box 14 - Code K

The product reflects that Code K is a 20% Excise Tax

But my W2 states Code K is for "Pretax Vision & Dental Deduction.

Needless to say when entered the amount if reduced my refund over$700

Please advise 

Thank you

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1 Reply
Karis_F
Employee Tax Expert

W2 Box 14

W-2 Box 14, Code K is pre-tax deductions for dental and vision coverage

 

W-2 Box 12, Code K is a 20% excise tax on golden parachute payments.

 

Check your W-2 because it sounds like the entry for Code K is in Box 12 instead of Box 14.

 

To get back to your W-2 entry go to Wages & Income>W-2

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