What is the right category to select for Box 14 of employer deducted pension contributions?

Forum|Forum|2 years ago
January 18, 2024
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My employer has used Box 14 of my W2 for my pension deductions and "RET" in the description. I need to know what Category to select for this type of deduction. I have selected Other deductible state or local but I think last year I said 'Other' and wondering if I shorted myself last year.

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Best answer by BillM223

The IRS does not give a set list of options for box 14 - this box is used primarily for the employer to communicate something to the employee. If you don't know what it is, we advise "Other" as the category.

However, I am puzzled that your "state pension deductions" are not listed above in box 12. What are these deductions? Are they, as Tom suggested, a contribution to your retirement plan? Or are they after-tax contributions to your plan? Have you asked your employer what they intended to communicate to you by making this entry? As an aside, what is your state pension? a 457? a 401(a)?

Bsch4477

Employee

That might be the amount in your Cafeteria Plan. Ask your employer.

claypokaAuthor

I don't have a Cafeteria plan. This is for state pension deductions.

BillM223Answer

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TomK2023

RET probably describes a contribution to a retirement plan. Ask your employer's HR Department.

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claypokaAuthor

Yes, it is - that is not the question. On Turbo Tax they require me to select a Category for this and my state retirement isn't a selection. The only available selections that seem to apply are either Other or Other state or local"