Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- W-2 box 14 code "NYQSL" stands for what?
W-2 box 14 code "NYQSL" stands for what?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
EnufUsernameBS
Level 1
02-10-2024
06:22 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
NYC-resident employee of a NYC-based nonprofit has this new acronym in box 14 which I can't find explained online. It's worth 1.3% of taxable wage, about 3x NY PFL (which also is in box 14).
*IF* it's "[NY] Qualified Sick Leave" does this have any effect for a non-self-employed person?
1 Comment 1
qbteachmt
Level 15
02-10-2024
06:32 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Box 14 is a catchall for informational purposes. Back in the covid era, there was Qualified sick leave as an offset, because you couldn't claim the same provisions more than once or for overlapping provisions. This seems like a holdover of that allowance. If not having multiple-employers and/or not self-employed, it's not going to be used.
"It's worth 1.3% of taxable wage, about 3x NY PFL (which also is in box 14)."
So, the taxpayer was out sick and got paid for it, already.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
