Box 14 is used to summarize deductions not included in Box 1 and/or Boxes 3 and 5, such as FLEX contributions (FLEX), ASRS Pur- chase Service Buybacks (BUY), ASRS Retirement contributions (RET), and medical, dental and/or vision (FLEX). Boxes 16 and 17 show state wages and paid state income tax.

Is flexible spending account reported on W-2?

Health Flexible Spending Accounts (FSAs) Generally health FSAs are not required to be reported on an employee’s W-2. The exception to this rule is when an employee’s deductions for all benefits are less than the amount elected for the health FSA.

What is imp in Box 14 of W-2?

IMP – Imputed Income, which is the taxable value of the employer contribution for health benefits provided to a retiree’s domestic partner. This amount is included in Box 1 and must be reported for federal, state and local taxes. This amount is shown in Box 14 labeled as “IMP”.

Where does FSA get reported on W-2?

If you had a dependent care FSA, the amount that was taken out will appear in Box 10 of your W-2.

Do I have to enter Box 14 on W-2?

Employers use Box 14 on Form W-2 to provide other information to employees. Generally, the amount in Box 14 is for informational purposes only; however, some employers use Box 14 to report amounts that should be entered elsewhere on your return. Note.

Is Box 14 on W-2 a deduction?

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.

Where does my Flexible Spending Account show up on my W-2?

The contributions may show up on your W-2 form. A W-2 tax form. Health flexible spending accounts are used to reimburse you for qualified out-of-pocket medical and dental expenditures. An employer may choose to list its annual contribution amount in box 14 of your W-2 form. The entry is for informational purposes only.

What do you need to know about W-2 box 14?

Y = Pretax Flexible Spending Accounts Z = Retirement Deductions (for Civilian Employees who are residents of the state of Massachusetts) Within your account, enter the Box 14 information under ‘Other (Not Listed Here)’ if none of the other descriptions apply.

What are W-2 box 14 codes for defense financing and Accounting Service?

What are W-2 Box 14 Codes for Defense Financing and Accounting Service? If you are a Federal civilian employee, your W-2 may contain codes and dollar numbers in Box 14. You will need to interpret them to enter them into your return. Here are the meanings to assist you. C = Taxable Permanent Change of Station (Included in Box 1)

Where does Dependent Care FSA go on a W-2?

If you had a dependent care FSA, the amount that was taken out will appear in Box 10 of your W-2. Your partner will see those benefits in Box 13 of their Schedule K-1, with the code O.