How do I enter W-2 Box 14 with code 414H in in CT

[ayalastaxes]

These are taxable amounts

[sjrcpa]

Do you need to?

Box 14 is informational.

Should this affect federal or CT?

EDIT: I just saw where you said it is taxable.

[George4Tacks]

What is a 414H?

Maybe it just goes as "Other Income"

[qbteachmt]

It's a pre-tax deduction, and would already not be included in Box 1. But it would have been part of Medicare/Social Security taxes, already. What are you trying to do with it? Box 14 is informational.

It is "taxable" when it is taken as retirement.

[Accountant-Man · Accepted solution]

Just repeating everything qbteach said, for emphasis:

"It's a pre-tax deduction, and would already not be included in Box 1. But it would have been part of Medicare/Social Security taxes, already. What are you trying to do with it? Box 14 is informational.

It is "taxable" when it is taken as retirement."

[sjrcpa]

Is it an addback for CT?

If so, either the CT wages box would be different than federal wages Box 1 or it would be a state tax "pickup" (that's what MD calls it)

[qbteachmt]

I've never seen this be taxable to CT. It's Teacher Retirement Plan. A 414(h) doesn't qualify for the Federal Retirement Savings Credit. That's why we would want the answer to: what are you trying to do with it?

[ayalastaxes]

It is for a teacher. I know that in NYS it is taxable. I also have another one of those in Florida but the Florida one says FRS 3%. In my job here in Florida, I was told to enter it the software we use with 414h. Where can I find out if CT and FL are not taxed.

[sjrcpa]

FL has no personal income tax.

[qbteachmt]

"It is for a teacher. I know that in NYS it is taxable."

Because NY taxes it "going in" and not when paid out. Is this CT person subject to NY taxes for a CT retirement?