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On box 13 of my W2, how do I know if those things apply to me?
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On box 13 of my W2, how do I know if those things apply to me?
Box 13 – This box has 3 check boxes in it: Statutory Employee, Retirement Plan, and Third Party Sick Pay. These boxes will be checked or left unchecked by your employer. A statutory employee is someone who is treated like an employee but didn’t have any taxes withheld from their paycheck (this occurs frequently with employees who are 100% commission). Having the “Retirement Plan” box checked means you had access to a retirement plan such as 401k at work, which may limit your ability to get tax incentives for other retirement plans like an IRA. Third-party sick pay means that you received payments for sick time from a company other than the one that employed you, such as their insurance company. Generally those payments were not included in the wages on your W-2.
This should answer your question. But like I said in the beginning your employer will check or leave it uncheck if it applies or not apply to you.
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On box 13 of my W2, how do I know if those things apply to me?
Box 13 – This box has 3 check boxes in it: Statutory Employee, Retirement Plan, and Third Party Sick Pay. These boxes will be checked or left unchecked by your employer. A statutory employee is someone who is treated like an employee but didn’t have any taxes withheld from their paycheck (this occurs frequently with employees who are 100% commission). Having the “Retirement Plan” box checked means you had access to a retirement plan such as 401k at work, which may limit your ability to get tax incentives for other retirement plans like an IRA. Third-party sick pay means that you received payments for sick time from a company other than the one that employed you, such as their insurance company. Generally those payments were not included in the wages on your W-2.
This should answer your question. But like I said in the beginning your employer will check or leave it uncheck if it applies or not apply to you.
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On box 13 of my W2, how do I know if those things apply to me?
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On box 13 of my W2, how do I know if those things apply to me?
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On box 13 of my W2, how do I know if those things apply to me?
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On box 13 of my W2, how do I know if those things apply to me?
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On box 13 of my W2, how do I know if those things apply to me?
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On box 13 of my W2, how do I know if those things apply to me?
- N: Uncollected Medicare tax on taxable cost of group-term life insurance over $50,000 (but not Additional Medicare Tax) (only applies to former employees)
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On box 13 of my W2, how do I know if those things apply to me?
My W2 has retirement plan, statutory employee and third party sick pay listed. There aren’t any boxes to check though. I did receive a 1099-MISC, even though there are no boxes to be checked. If the above are listed, does it just mean I am all of it?
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On box 13 of my W2, how do I know if those things apply to me?
You mean those boxes are listed in box 13 but not checked? No. If none of those boxes are checked leave them unchecked. You don't have any of them.
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On box 13 of my W2, how do I know if those things apply to me?
Thank you for answering! The w2 isn’t formatted like any I’m seeing with empty check boxes beneath it. Instead, they’re listed, one above the other and zero check boxes are present. Do we get to skip this then?!? Thank god.
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On box 13 of my W2, how do I know if those things apply to me?
Thank you for responding!
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