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Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

box 14 on w2 looks like 
14 Other 414H amount
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Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

DawnC
Employee Tax Expert

Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

The following 414(h) retirement contributions shown on federal form W-2, Wage and Tax Statement, are taxable by New York State.   If the contributions are for one of the plans below, use New York IRC 414(h) Subject to NY tax.   This will transfer the amounts to your NY tax return, Form IT-201 or Form IT-203, as required by the state of New York.

 

  • A member of the New York State and Local Retirement systems, which include the New York State Employees' Retirement System and the New York State Police and Fire Retirement System.
     
  • A member of the New York State Teachers' Retirement System.
     
  • An employee of the State or City University of New York who belongs to the Optional Retirement Program.
     
  • A member of the New York City Employees' Retirement System, the New York City Teachers' Retirement System, the New York City Board of Education Retirement System, the New York City Police Pension Fund, or the New York City Fire Department Pension Fund.
     
  • A member of the Manhattan and Bronx Surface Transit Operating Authority (MABSTOA).

 

If the contributions are not to one of the plans above, use New York IRC 414(h) NY Tax Exempt.  The amounts will not be transferred to your NY return.  

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5 Replies

Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

DawnC
Employee Tax Expert

Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

The following 414(h) retirement contributions shown on federal form W-2, Wage and Tax Statement, are taxable by New York State.   If the contributions are for one of the plans below, use New York IRC 414(h) Subject to NY tax.   This will transfer the amounts to your NY tax return, Form IT-201 or Form IT-203, as required by the state of New York.

 

  • A member of the New York State and Local Retirement systems, which include the New York State Employees' Retirement System and the New York State Police and Fire Retirement System.
     
  • A member of the New York State Teachers' Retirement System.
     
  • An employee of the State or City University of New York who belongs to the Optional Retirement Program.
     
  • A member of the New York City Employees' Retirement System, the New York City Teachers' Retirement System, the New York City Board of Education Retirement System, the New York City Police Pension Fund, or the New York City Fire Department Pension Fund.
     
  • A member of the Manhattan and Bronx Surface Transit Operating Authority (MABSTOA).

 

If the contributions are not to one of the plans above, use New York IRC 414(h) NY Tax Exempt.  The amounts will not be transferred to your NY return.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

Thanks!

EPetro
New Member

Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

I am not a NY state or local employee but it will not accept NY IRC 414(h) tax exempt, or any thing else besides NY IRC 414(h) Subject to NY Tax.

As a non NY state or local employee shouldn’t my medical, dental, vision and FSA contributions be deductible?

KeshaH
Employee Tax Expert

Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

Section 414(h) is for retirement contributions. Medical, dental, vision, and FSA contributions would be section 125. These amounts are not subject to federal income tax but are subject to state tax so will need to be added back to income - choose subject to tax.

 

See: NY Frequently Asked Tax Questions

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