University of California DCP category

[m100psi]

The University of California puts "DCP" into W2 box 14.  It is not a tax, "it is a mandatory savings plan for retirement purposes".  What category in TurboTax should I select for this to ensure it is deducted correctly from both state and federal taxes?

[BillM223 · Accepted solution]

Use "Other" as the category for box 14.

The reason for this is because the DCP amount has already been removed from Wages in box 1 on your W-2. This is why you won't see a deduction for this amount, because it was never in your income in the first place.

See what the Controller's Office of the University of California, San Francisco says:

"

Taxable gross earnings [i.e., Box 1] are your total gross earnings less any tax‐deferred deductions or salary reductions, such as:

• DCP ‐ Mandatory Defined Contribution Plan

"

So you don't need to do anything, because it has already been removed from your Wages.