Question

Empty box 1,2,3,4,5,6,7,8, 15to 20. Only filled are box 12a and box 14.

Forum|Forum|2 years ago
March 4, 2024
1 reply
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Box 12 shows DD entry which is non taxable. The box 14 shows some insurance paid etc which is considered as taxable. Box1, 2, and the rest don't show anything. I did get paid NIH research grant money. Since it is technically not a "wage" so that's the reason it is not included in Box1 etc? Is my assumption correct? The grant money is taxable and I file tax return for it. In the grant money I do add the taxable insurance etc listed in the Box 14 of the W2. I get this total taxable amount from the monthly pay stub. If I report all income correctly, then should I just ignore this w2? If not what should I do with it? thank you.

TurboTax Home & Biz Windows

LindaS5247

Generally, If your form W-2 does not report any taxable income, you can omit it from your tax return. Keep it for your tax records. You stated you are reporting the grant money as income.

Box 12 amounts with the code DD are what you and your employer paid for your employer-sponsored health coverage plan. Code DD amounts are for informational purposes only and they don't affect the numbers in your tax return.

In general, the information that your employer lists in Box 14 of your W-2 does not have any affect your income tax return.

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support.

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M

MQ7Author

Linda, Thank you very much for your reply. I get that I should keep this W2 for my records and in the Turbo Tax software when it asks if you have another W2 then I should say NO and proceed. However, I was going to add the Box 14 fringe benefits cost in the grant money income and report that in additional income or Misc income area. But I am confused by your one sentence in the reply. The sentence that you wrote: "In general, the information that your employer lists in Box 14 of your W-2 does not have any affect your income tax return." I have a question: The box 14 includes the cost of fringe benefits provided by the University such as insurance etc., - are you saying that it is not taxable and should not be included in the grant money income? The pay stub however, shows that it is taxable. Please clarify. Thank you in advance.

LindaS5247

No, I did not mean it should not be included in the grant money income. I don't have many details about your tax return (we can't see your tax return) or your overall situation so I was making a general statement.

In most cases, the information that your employer lists in Box 14 of your W-2 does not affect your income tax return.

TurboTax uses the codes and descriptors from Box 14 to determine taxability and where it goes on your tax return.

There may be something reported in Box 14 that is taxable. It's just not common.

You should be accounting for this taxable item that is in Box 14 (and any item in box 14 that is taxable) on your tax return.

You could try entering a $1 in Box 1 of your W-2 and entering your W-2 as it is shown to see what happens.

But as mentioned above, I cannot see your tax return or documents and I don't know all of your details.

Click here for "What is Box 14 on my W-2?"

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"