Box 14 (NYS)

Forum|Forum|1 year ago
January 26, 2025
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My employer offers PTO buy so I take advantage of that. It shows in box 14 of the W2 as “PRETAX” and TurboTax gives me an error message that reads “To e-file successfully you must choose either ‘NY IRC 414H Subject to NY Tax’ or ‘NY IRC 414H NY tax exempt’ from the picklist..”

it will not let me select “Other” but this pretax amount does not fall under these IRC 414H categories I don’t think from what I understand. Can anyone help to avoid paying more just for this one question?!?

KeshaH

IRC 414(h) relates to public employee retirement pre-tax contributions. PTO is typically not shown on the W-2 in box 14. Please double check with your employer to verify what information they are reporting in box 14 with the description "PRETAX". If it does represent 414(h) contributions, choose the appropriate option to report whether the amount is subject to NY tax or tax exempt.