2019年5月31日 · For IRC 125 it should say "NY IRC 125/SEC 18 Subject to NY tax." When you do your state return, you will come to a screen that says "Your New York Income Adjustments." This will show the 414(h) and Section 125 amounts …

2019年6月3日 · The answer is "yes". "IRC 125" means Internal Revenue Code Section 125, which authorizes "cafeteria plans" (called "a flexible benefits program" in the screenshot) to enable pre-tax deductions for health insurance and certain other benefits; most employers of any size have them, including cities much smaller than NYC.

2019年6月7日 · Expert does your taxes. An expert does your return, start to finish

2022年3月29日 · This information from the NY Dept of Taxation and Finance website might also be helpful: Public employee retirement contributions, usually shown on a paper Form W-2 in box 14 as “414(h)”, "Pub Ret", "NYS Ret Cont", etc. (e.g., “414 (h) 750.00”) may be subject to NYS tax even though they are not subject to federal tax.

2019年6月7日 · In the federal "Income" tab, the W2 topic you would enter "Sec 125" in the box 14 description and the amount in the box 14 amount box and unless your Box 14 specifies one of the NY IRC Sect 125 categories you will select "Other - not listed." Entries here do not affect tax calculations as box 14 is an informational area for the employer to use.

2022年4月9日 · Expert does your taxes. An expert does your return, start to finish

The UPPER-CASE (capital) letters in box 12 report different things to the IRS. Here's a list of what each one means.Box 12 codesA: Uncollected social security o

2019年6月1日 · The amount in the IRC 125 Box is subject to New York State and City taxes. The NYS income tax instructions direct the income tax filer to report wages as they appear on the W-2 in Box 1 then to add back the amount to arrive at New York State/City taxable wages.

2020年4月6日 · Select the correct description from the pull-down list. For IRC 414(h) it should say NY IRC 414(h) Subject to NY tax. For IRC 125 it should say NY IRC 125/SEC 18 Subject to NY tax. If you are using the CD/Download version, enter the description and amount in Box 14. You will then come to a screen, Let's Review Your Box 14 entry. Click the Yes box.

2021年1月22日 · S125 refers to a Section 125 plan which describes payroll deductions for some employee benefit. RET probably describes a contribution to a retirement plan.