Missing description for Box 14 on W-2

Forum|Forum|4 years ago
March 12, 2022
1 reply
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Box 14 on my W-2 has an amount in it but there is no description (significant amount in the hundreds). I left the description blank, entered the amount and selected Other (nonclassified). Turbo tax however keeps flagging the w-2 as needing review and forcing me to come back to it.

I have deduced from paystubs that this is my retirement contributions to a 414(h) plan. Box 13 (retirement plan) is not checked. On my paystub it is listed as PENSION. Not sure what to do from here.

Thank you for any help!

Best answer by LenaH

@LenaH

Thank you for your help! Token Number is 953803.

I can confirm that the w-2 was uploaded using a scanned pdf image. I then carefully combed through the entries to ensure everything is accurate.

To fix your review entry for your W-2, please complete the following:

Open your return.
Search w-2 with the magnifying glass tool at the top of the screen.
Click on the Jump to w-2 link at the top of the search results.
Click Edit next to your W-2 in question.
Enter 414H in Box 14 description.
Click continue and the error should be cleared.

Although your W-2 does not have a description in Box 14, you must enter a description in that box in order to e-file. Do not be concerned that it isn't on your W-2 since that is what the deduction was for. Employers can put just about anything in box 14; it's a catch-all for items that don't have their own dedicated box on the W-2.

For more information, please see What is box 14 on my W-2 for?

@Wedge

LenaH

Employee Tax Expert

Please check the list below and determine the source of your retirement contributions. If you are a member of one of those groups and that is the source of your retirement contributions, then you should select 414(h) Subject to NY Tax. Otherwise, select 414(h)Tax Exempt.

The following 414(h) retirement contributions shown on federal form W-2, Wage and Tax Statement, are taxable:

A member of the New York State and Local Retirement System, which includes 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).

[Edited 3/12/22 l 9:53AM PST]

@Wedge

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WedgeAuthor

Level 3

Thank you for the reply Lena!!

I did carefully look through all the options. I reside and work in Nebraska which quickly narrows out the majority of options as Nebraska is not on there. This is also for a hospital so I overlooked all the railroad options as well. Non of the categories seem to apply.