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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