state of new jersey box 14 deductions

Forum|Forum|5 years ago
January 24, 2021
3 replies
11 views

The deductions for State of NJ box 14 have increased for 2020. The amounts on the program have not been updated. any thoughts on this subject?

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Accountant-Man

Level 13

Not ready yet. Since the program does not calculate them on the W2, you have to input them anyway. Last year it took a while to get the program to warn you if the amounts were too high.

The real problem is the NJ 2450 when a taxpayer has more than one job and the NJ credits are needed.

** I am "Elevating with Intention!"

J

janineAuthor

Level 5

Program has been updated and the amounts are correct both in federal and New Jersey. I am referring to W2 for Box 14. Also NJ form 2450 is calculating the amounts correctly as well.

Hope this helps our community.

Accountant-Man

Level 13

I just updated this past minute-the NJ amounts on the 2450 are updated, but the limits on the W2 box 14 have not been updated.

They are not automatic and must be input.

** I am "Elevating with Intention!"

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