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NYFED
Returning Member

FERS taxable in ny?

Hi,

 

I ran into an issue with my taxes. and I'm confused what to put down. Is EERETIREDED in ny or exempt?  These are the options I'm given below: 

 

New York IRC 414(h) NY tax exempt

New York IRC 414(h) Subject to NY tax

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1 Reply
LenaH
Employee Tax Expert

FERS taxable in ny?

New York 414(h) retirement contributions, sometimes labeled as EERETIREDED, would be classified in Box 14 as New York IRC 414(h) Subject to NY tax. Generally, this amount is deducted from your Box 1 (Wages) and must be added back to your NYS income. This amount will flow to Line 23 of your IT-201. 

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