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posted May 11, 2021 12:15:47 PM

THE W-2 BOX 14 HAS THE LETTERS V AND Y BUT NO DESCRIPTION.WHAT DO I ENTER THERE?

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2 Replies
Employee Tax Expert
May 11, 2021 12:56:51 PM

If the categories for your deductions (V and Y) in Box 14 are not listed as an option, then you can select the category labeled Other - not on the list above. Since there’s no standard list of W2 codes for Box 14, employers can list any description they choose.

 

Generally, the Box 14 items of your W-2 are for informational purposes and would not affect your income tax return.

Level 1
Apr 18, 2022 8:29:36 AM

Thank you for explaining there is no standard list of number codes.  The choice you suggest in TT-D 2021 is "Other (not classified)"