W2 Section 14

What does s125 mean on w 2 box 14 why is turbo tax carrying this figure to my ky schedule m federal adjusted gross income modifications line 14.
W2 section 14. The items in the list are ones that will get reported and can affect your return. Enter the dollar amount and select the correct tax category that goes with that description. The w2 boxes and codes show the wages you ve earned and any taxes paid through withholding.
Forms w 2 and w 3 and their instructions such as legislation enacted after they were published go to irs gov formw2. What s new truncation of social security number ssn on em ployee copies of form w 2. I have been audited and now owe more taxes.
Employers may now truncate the employee s ssn on employee copies of forms w 2. Include this amount on the wages line of your return. When entering your w 2 information the program provides a list of items to choose from when entering the information you get in box 14.
Adding in box 14 doesn t go anywhere or do anything. In turbotax enter the description from your w 2 s box 14 on the first field in the row. The only important box 14 sec 125 irc 125 dropdown is if you work for the government of new york city.
Employers can put just about anything in box 14. If box 14 of your w 2 reports any of the following click the applicable link for more information. Skip to main content an official website of the united states government.
It s a catch all for items that don t have their own dedicated box on the w 2. Health insurance premiums deducted not pre tax. In most cases the information that your employer lists in box 14 of your w 2 does not affect your income tax return.