deferred retirement contributions
BOX 14 Other MS DEF RET – amount of deferred retirement contributions to the State Retirement Plan. CAFÉ PLAN – amount your employer paid on your behalf under an approved Cafeteria Plan.

What is RET ts on W-2?

And the box on the W-2 for retirement plan is not checked. Client confirmed that she is in a retirement plan and the RET TS amount was the amount deferred. Acctax (talk|edits) said: 15 March 2007. Chase, I have seen that before and from what I remember, RET is definitely “Retirement” TS was “Tax Shelter Annuity” (TSA)

What category is Box 14 on W-2?

For example, union dues, employer-paid tuition assistance or after-tax contributions to a retirement plan may be reported here. Some employers report certain state and local taxes in Box 14, such as State Disability Insurance (SDI) premiums.

Do I have to fill out box 14?

In most cases, the information that your employer lists in Box 14 of your W-2 does not affect your income tax return. In fact, for many Box 14 entries, the IRS does not even provide a place for it to get reported on your return forms.

What is Box 13 retirement plan?

The “Retirement plan” indicator in Box 13 shows whether an employee is an active participant in your company’s plan.

What is a box 14 category?

Box 14 — Employers can use this W-2 box to report information like: A member of the clergy’s parsonage allowance and utilities. Charitable contributions made through payroll deduction. Educational assistance payments. Health insurance premiums deducted.

Is there a RET in W-2 box 14?

My client has $ amount showing in box 14 labeled “RET.” This money is being taken out pre-income tax (is the same as the difference between box 1 and box 3). She does qualify for the retirement credit.

Where does box 14 go on a tax return?

In fact, for many Box 14 entries, the IRS does not even provide a place for it to get reported on your return forms. They are reported to you in Box 14 simply for informational purposes. Please Note: Because there is no standard list of codes, your employer can list any description it chooses for the items in Box 14.

What do you put in Yes box 14?

Yes- box 14 is for any other information for the employee. Examples include state disability insurance taxes withheld, union dues, uniform payments, health insurance premiums deducted, nontaxable income, educational assistance payments, or a minister’s parsonage allowance and utilities.

Is the pension plan in box 14 deductible?

Nope, any State/municipal/city/county (etc) pension plan in box 14 is not deductible on the Federal tax return. *Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.* February 26, 2020 11:47 AM My W2 box 14 is retirement contribution. I work for county government.