My employer allows me to purchase extra vacation days. This money is taken out of my salary over the year. My W-2 shows this amount in box 14 as Vac Buy. How does this affect my taxes? There is no option to categorize it as such in box 14. What to I put it under?
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If you are using Turbo Tax Home and Business, you will categorize this as Other-Not Classified. This is strictly informational in your return and will not have an affect on your taxes.
Thank you. I assumed that was the case, but we all know how dangerous it is to assume.
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