What is Box 14 on W-2 for federal employees?
Box 14 – The following items, and their respective amounts, will be shown in this box: FEHB Premium Conversion– This reflects the amount of FEHB Premiums (this amount is not included in Boxes 1, 3, and 5, unless you opted out), HSA – (Health Savings Account) Shows any employer contributions to an HSA.
Is the amount in Box 14 of W-2 taxable?
Your contributions shown in Box 14 are not subject to federal income tax, but are subject to FICA (social security and Medicare), state, and local taxes.
Do I have to enter Box 14 on W-2?
Entering helpful information in Box 14 of your employees’ annual W-2 forms can assist them in their annual personal tax preparation – and limit the number of questions employees ask you about their W-2 forms. Box 14 of Form W-2 is for “information only” and is not required information, nor does it “balance” or …
What was the 2nd stimulus check amount?
$600
The payment is worth up to $600 for each adult and each qualifying child dependent in the household. For example, a family of four would receive up to $2,400.
What does box 14 mean on W2?
the lease value of a vehicle provided to an employee
What is in box 14 on W2?
Charitable contributions made through payroll deduction
What is box 14 on my W2 form?
Box 1: Box 1 reports your total taxable wages or salary for federal income tax purposes.
What is box 14 on my W-2 for?
A member of the clergy’s parsonage allowance and utilities