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New Member
posted Mar 7, 2023 4:35:41 AM

I am having issues completing box 14 on my W2. I work for the Long Island rail road and contribute to tier 1, tier 2, and tier 1 med. It keeps saying I over paid.

0 5 1058
5 Replies
Expert Alumni
Mar 7, 2023 5:01:51 AM

Try adding an additional box 14 entry with the amount reported in box 1 using the drop-down code RR for Railroad Retirement Compensation. 

 

This should clear the error message.  

New Member
Mar 7, 2023 6:54:33 AM

Adding an additional box 14 entry with my wages lowered the amount I overpaid. But it still is saying I over paid. Is there anything else I can try? Thanks for your help.

Expert Alumni
Mar 10, 2023 7:17:42 AM

It is possible that your railroad Tier I or II tax is actually overpaid. Tier I should be 6.2% of your wages and Tier II should be 6.2%, up to wages of $147,000 of Railroad Retirement wages.

 

You will see this help box in TurboTax:

 

New Member
Feb 17, 2025 2:26:00 PM

NYS on Turbo tax does not accept that, its saying to pick 414(h) exempt or taxable. but there is no 414 (h) on line 14 in Long Island Railroad, and Federal does not accept additional line description RR retirement compensation, shows up in red, very confusing. 414(h) tax exempt its ok but if you pick taxable calculates more tax than i think, not handled well by Turbo Tax, need more explnation.

 

Employee Tax Expert
Feb 21, 2025 5:48:50 AM

The words in the description are causing the error and forcing you to choose 414(h) exempt or taxable in Box 14. Please try adding a space between words or changing to another description, such as Retirement. This should clear the error. 

 

@Joe B5