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DMarkM1
Expert Alumni

W-2 Box 14 STRS/S

No. It's not.  An employment expense is a deduction that is mandated due to employment no matter where you are employed.  Any nontaxable contributions to a retirement plan have already been excluded from box 1 taxable wages on your w2.  The information in box 14 is informational to let you know what the contributions were.  The box 14 code should be "Other not classified."  

 

As @JulieS states you can use the box 14 amount that is contributions to a retirement plan (not an IRA) to make a claim for the retirement savings credit.  Here are the steps she posted again if you need.

 

"If the amount is definitely a retirement contribution, you can enter it as such to get credit for the Retirement Savings Contribution credit. Do not enter it as an IRA contribution.

 

  1. Select Federal from the left side menu.
  2. Select Deductions and Credits toward the upper left. 
  3. Expand the list and scroll down to Retirement and Investments.
  4. Expand the section and click Start or Revisit to the right of Retirement Savings Contribution Credit.
  5. Click Continue. 
  6. On the screen, Let us know if you made any additional contributions to qualified retirement accounts, enter the amount in Additional contributions.
  7. Click Continue and answer the remaining questions in the section. " 
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rmccarty4
New Member

W-2 Box 14 STRS/S

This is the most complete and best answer. If I could figure out how to Mark this the Best Answer, I would, but that's beyond me just now -- I'm trying to file taxes, so I'm not in the best state of mind.

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