What is a 414 (h)?

Forum|Forum|6 years ago
June 5, 2019
3 replies
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im from NJ and its under box 14 other

TurboTax Free Edition Online

Best answer by ChristinaS

Public employee retirement contributions.

There's no relevant dropdown in Box 14. This information, if listed in Box 14, is informational only. The taxation is already built into the numbers on your W2, so no adjustment occurs on your return.

You can ignore it, or enter as Other-Not on List. Both have the same effect, which is no effect.

Your Federal and NJ wages on the W2 should already be properly calculated to reflect the proper tax treatment. These contributions are tax deductible for federal, and not for state. Your NJ wages will be higher than federal due to NJ's taxation of 414(h), 403(b), HSA, health insurance, and more.

ChristinaSAnswer

Employee

Public employee retirement contributions.

You can ignore it, or enter as Other-Not on List. Both have the same effect, which is no effect.

jjones9463

Hi, I work in NYC, my wife in New Jersey. We file married jointly. We file non resident IT-203. Her W2, not mine, has 414h. NY will not accept via efile unless I select 414h NY taxable in the other box in section 14. Why is this NY taxable? The 414h is a New Jersey plan. All of her wages are NJ based. Can I leave it off section 14?. Thanks .

mmccluskey1

New York requires public employee 414(h) retirement contributions must be reported as an addition modification to Federal AGI on the New York tax return. These contributions are reported on line 21 of both Form IT-201, Resident Income Tax Return,

Enter this as an addition to income

octoval

414h is holding up my return as well. How do we file NY state with this listed on federal as Other

JohnW152

You should be able to enter this in TurboTax Online. Go to:

Tax Tools near the bottom of the left pane in the program.
Select Tools.
Select Topic Search.
Select Edit for the relevant Form W-2.
Scroll down to the Box 14 area. To the right, there's a dropdown for Category. Click the dropdown and you'll find two "NY IRC 414(h)" options. Select the appropriate option.