Florida school county Form W-2

[ghaber]

Client is a teacher in the Palm Beach County school system and the Form W-2 shows an amount in Box 14 coded "FRS" for contributions to the Florida Retirement System. The amount shown reduces the FICA/Medicare wages to arrive at taxable wages.  How should it be coded as a Box 12 item to accomplish the correct treatment?

[Camp1040]

Box 14 is informational.

You do not need to enter anything into Box 12. 

Generally the amount contributed is subject to FICA/Medicare and Box 1 of the W2 form is less than box 3 & 5. The difference in the totals should be the amount in Box 14.

[ghaber]

If you have the "Automatically calculate ..." box checked it will not compute correctly unless the item we are discussing is entered in Box 12.

[Camp1040]

Uncheck autocalculate and enter the amounts from the W2 form, 

[ghaber]

Thank you for your input.  I was aware of that choice, but hoped to leave the automatic entry box checked.

[Camp1040]

You can leave the box checked and just overwrite the amount to match the W2 form.

[ghaber]

Overwriting is never a good idea, just a last resort.  Again, thank you for your input.

[Camp1040]

Your are not OVERRIDING the amount in box 3 and 5 your are over writing it.

But you are trying to make up a box 12 entry so that your numbers will match, just enter the correct numbers from the W-2 form in box 3 & 5.