topic Is IRC 132 Subject to New York state taxes? in State tax filing

Is IRC 132 Subject to New York state taxes?

jaredk1 — Sun, 14 Mar 2021 13:06:03 GMT

Located in Box 14 of my W2.

Re: Is IRC 132 Subject to New York state taxes?

JotikaT2 — Sun, 14 Mar 2021 15:28:20 GMT

No, the amount listed on your W-2 as IRC 132 is not subject to taxes in New York. This value represents any Commuter Benefits you may have received.

Please see the section titled "How are my pre-tax benefit program deductions shown in my W-2?" section for more details.

New York frequently asked questions regarding W-2 Forms

Re: Is IRC 132 Subject to New York state taxes?

mrkit — Tue, 30 Mar 2021 17:17:55 GMT

If it's not subject to NYS taxes, what do I need to tell turbo tax in order to get it to reduce my NYS taxable income by the amount in box 14 for my transit benefits (IRC 132)?

Re: Is IRC 132 Subject to New York state taxes?

ThomasM125 — Wed, 31 Mar 2021 19:24:00 GMT

Box 14 on your W-2 form reporting IRC 132 fringe benefits are typically not included in your gross income as reported in box 1 on your W-2 form or in box 16 for your state wages. So, you don't need to deduct that amount from your New York income because it was not included in income on your tax return to begin with.

Re: Is IRC 132 Subject to New York state taxes?

SreenuPrabhaGMAl — Wed, 22 Feb 2023 04:53:59 GMT

Is IRC 132 subject to New Jersey state taxes? commuter benefits

Re: Is IRC 132 Subject to New York state taxes?

BrittanyS — Wed, 22 Feb 2023 16:12:47 GMT

No, commuter benefits are not taxable by NJ as long as you stay within limits set forth by the IRC 132. For 2022, employees were allowed to deduct $280 of tax-free commuter benefits.

The funds would be excluded from your wages on box 1 for wages and box 16 for the state wages.

For more information on the commuter benefit, see the link below:

Commuter Benefit

@SreenuPrabhaGMAl

Re: Is IRC 132 Subject to New York state taxes?

thehyltons — Sun, 16 Apr 2023 03:14:15 GMT

Good to know. thx