WebMar 4, 2024 · Box 14 — Employers can use W-2 box 14 to report information like: A member of the clergy’s parsonage allowance and utilities Any charitable contribution made through payroll deductions Educational assistance payments Health insurance premium deductions Nontaxable income State disability insurance taxes withheld Uniform payments Union dues WebMar 4, 2024 · The W-2 box 12 codes are: A – Uncollected Social Security tax or Railroad Retirement Tax Act (RRTA) tax on tips. Include this tax on Form 1040 Schedule 2, line 13. B – Uncollected Medicare tax on tips. Include this tax on Form 1040 Schedule 2, line 13. C – Taxable costs of group-term life insurance over $50,000 (included in W-2 boxes 1,3 ...
What does STPICKUP (state pick up in MD) in box 14 on W-2 mean ... - Intuit
WebWhat do the codes mean in Box 12 of my W-2? According to the W-2 instructions from the IRS, the following list explains the codes shown in box 12 on the W-2: Additional Information 2024 W-2 instructions How do I report more than 4 Box 12 entries on my W-2? Facebook Twitter LinkedIn Looking for more tax information and tips? SHOW ME MORE WebThe SSA will reject Form W-2 electronic and paper wage reports under the following conditions. •Medicare wages and tips are less than the sum of social security wages and social security tips; •Social security tax is greater than zero; social security wages and social security tips are equal to zero; and TIP Feb 25, 2024 Cat. No. 25979S halal formal dresses
2024 General Instructions for Forms W-2 and W-3 - IRS tax …
WebFeb 17, 2011 · 1.6k State:OH Posted February 17, 2011 I have never seen this before. Taxpayer is government employee and on his W-2, Box 14, there is $370.36 denoted as "K" (Tax on Excess Golden Parachute Payments) What is this? Same Client also has in box 14 $959.77 denoted as "V" (Income from exercise of nonstatutory stock option)...What is this? WebIRS Form W-2, Box 14, is a text field which allows your employer to enter any information they choose. This can make it difficult to determine what the information entered in that … WebDec 17, 2024 · Code 1 may be used with codes 8, B, D, K, L, M, or P. Code 2 . Code 2, Early distribution, exception applies, lets the IRS know that the individual is under age 59½ but that he or she qualifies for certain exceptions. Use code 2 for a Traditional or SIMPLE IRA distribution when . the IRA owner directly converted the assets to a Roth IRA; bully ppsspp