Box 14 - L-580

[Indiamoon7]

Does anyone know what an amount labeled as L-580 in Box 14 means?  And, whether this is a taxable amount in New York or New Jersey?

[SharonD007]

You should contact your employer's Payroll Department to find out what L-580 is in box 14. Employers use box 14 to enter a variety of information and those entries don't affect your income tax return. TurboTax provides you with a dropdown menu of codes you can choose for your W-2 box 14 entry.  If what’s in box 14 doesn't match a dropdown code, select Other for the code in box 14. 

For more information, review the TurboTax article What is box 14 on my W2 for?