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February 14, 2023
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Box 14 414H does not accept "other." if use suggested NY IRC 414(h) NY tax exempt 414H goes red

  • February 14, 2023
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box 14 on w2 looks like 
14 Other 414H amount

1 reply

Bsch4477Answer
Employee
February 14, 2023
DawnC
Employee
February 14, 2023

The following 414(h) retirement contributions shown on federal form W-2, Wage and Tax Statement, are taxable by New York State.   If the contributions are for one of the plans below, use New York IRC 414(h) Subject to NY tax.   This will transfer the amounts to your NY tax return, Form IT-201 or Form IT-203, as required by the state of New York.

 

  • A member of the New York State and Local Retirement systems, which include the New York State Employees' Retirement System and the New York State Police and Fire Retirement System.
     
  • A member of the New York State Teachers' Retirement System.
     
  • An employee of the State or City University of New York who belongs to the Optional Retirement Program.
     
  • A member of the New York City Employees' Retirement System, the New York City Teachers' Retirement System, the New York City Board of Education Retirement System, the New York City Police Pension Fund, or the New York City Fire Department Pension Fund.
     
  • A member of the Manhattan and Bronx Surface Transit Operating Authority (MABSTOA).

 

If the contributions are not to one of the plans above, use New York IRC 414(h) NY Tax Exempt.  The amounts will not be transferred to your NY return.  

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February 15, 2025

I am not a NY state or local employee but it will not accept NY IRC 414(h) tax exempt, or any thing else besides NY IRC 414(h) Subject to NY Tax.

As a non NY state or local employee shouldn’t my medical, dental, vision and FSA contributions be deductible?