Announcement 7 New Code V for the Form W 2, Box

Instructions and help about Announcement 7 New Code V For The Form W 2, Box

what is box 14 on the w-2-4 box 14 your employer May report additional tax information here if any amounts are reported in box 14 they should include a brief description of what they're for example union dues employer paid tuition assistance or after tax contributions to a retirement plan may be reported here how do I fill out box 14 on TurboTax in TurboTax enter the description from your W-2s box 14 on the first field in the row enter the dollar amount and select the correct tax category that goes with that description if none of the categories apply scroll to the bottom of the list and choose other not on above list don't worry do you have to report box 14 on W-2 generally the amount in box 14 is for informational purposes only however some employers use box 14 to report amounts that should be entered on your employees personal tax returns some examples of items reported here could be the lease value of a vehicle provided to an employee