What does IMPT mean or stand for?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
stvwntr1
New Member

What does IMPT mean or stand for?

I am being directed back to line 14 of my w-2-I think it has to do with entering IMPT-what does IMPT mean/stand for?
2 Replies
ErnieS0
Employee Tax Expert

What does IMPT mean or stand for?

Check with your employer. Box 14 is a "catch all" box. The IRS allows employers to enter into Box 14 anything of importance that is not reported in any other box. The amount may be taxable, deductible or just there for informational purposes.

 

Most likely TurboTax is asking for a code so it knows what to do with this number. You can use Other (not classified) if nothing else fits.

SweetieJean
Level 15

What does IMPT mean or stand for?

It might mean Imputed Income.  If so, though, it it usually recorded on Form W-2 in Box 12.  But, as suggested, check with your employer.

Dynamic AdsDynamic Ads
v
Privacy Settings