Box 14 on my W2 shows an amount designated 'Health Income'. What is this, and is it something that needs to be reported on my 1040?

Forum|Forum|6 years ago
June 6, 2019
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Best answer by ToddL

The information that your employer lists in Box 14 of your W-2 does not usually affect your income tax return. In fact, for many Box 14 entries, the IRS does not even provide a place for it to get reported on your return forms. They are reported to you in Box 14 simply for informational purposes. If there are any tax implications, they should already included elsewhere in your Form W-2 and you don't need to enter them anywhere else.

ToddLAnswer

Employee

Tbabby

I live in Washington state and I have a WAN and WAL listed on w2 under Box 14.. what do those stand for?

macuser_22

Employee

@Tbabby wrote:

I live in Washington state and I have a WAN and WAL listed on w2 under Box 14.. what do those stand for?

Box 14 is for "other" information that your employer wants you to know. Your employer cn put anything they want in box 14. If the code is not listed on the back of the W-2 then ask your employer what it means.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

luchal

Confused about whether health insurance premiums are deductible. W2 Box 14 states NT Health Benefits with an amount in the box. Research shows that such premiums are not deductible if they are paid from pre-taxed income. How would I know this?

tytonsager

Box 14 shows PSL 511 for $992.32 what is this for?

macuser_22

Employee

@tytonsager wrote:

Box 14 shows PSL 511 for $992.32 what is this for?

Ask your employer. Box 14 is information that your employer can out anything they want you to know.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

RD104

Box 14 on my W2 shows an amount designated 'MED $1,800'. When I started with the company, the company reimbursed me for 1 month of COBRA as their benefits don't start until after 60 days. This may be related to this. Is it something that needs to be reported on my 1040?

JohnB5677

You do not have to do anything. Box 14 is provided for your employer to report additional tax information. It's simply an information box.

If any amounts are reported in Box 14, it should include a brief description of what they're for. For example, union dues, employer-paid tuition assistance or after-tax contributions to retirement plans. In this case it stated MED.

That $1,800 Cobra payment would be included in wages in Box 1 of the W-2. You do not have to do anything additional, unless you itemize your deductions and can claim it as a Medical Insurance expense.

@RD104

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