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w2 and section 14 and the K code

nealstaxrefund
Level 1

I have a w-2 from the defense department and in box 14 it has a K code. If I put it in box 12 that k code says statutory excise tax and the dollars amount reduces the clients refund by whatever is in that box. If I put it in box 14 it doesn't calculate

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3 Comments 3
sjrcpa
Level 15

What do you think is supposed to calculate?

Box 14 is informational. Particularly with US gov't W-2s  there is usually nothing to do. What does the cheat sheet (W-2 info for employee instructions) say Box 14 Code K is?


The more I know the more I don’t know.
Just-Lisa-Now-
Level 15
Level 15

a K in box 12 is completely different than a K in Box 14.

I have someone with the Dept of Defense and shes got K and V in Box 14, I mistakenly put them in Box 12 one year (the W2 makes it look like theyre a continuation of Box 12), thought it was weird she had stock options (code V)  LOL  


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15

I put this into google search:

dod w2 box 14 code k

And got this link for your reference, you might want to bookmark it:

https://support.taxslayer.com/hc/en-us/articles/360015701832-What-are-W-2-Box-14-Codes-for-Defense-F...

Ask your taxpayer client about "K = Pre-tax dental and vision deductions"

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