Public Employee 414(h) Retirement Contributions And New York City ...

Skip to main content
  • Refunds and notices
    • Check your refund status
    • Refund adjustment information
    • Respond to your letter
  • File income tax
    • Who must file
    • Free e-file options
    • Income Tax Filing Resource Center
    • Request an extension
    • Filing information
    • New York City and Yonkers tax
  • Pay income tax
    • Payment options
    • Estimated taxes
  • File and pay other taxes
    • Estate tax
    • Metropolitan commuter transportation mobility tax
    • Mortgage recording tax
    • Real estate transfer tax
  • Bills and notices
    • Pay a bill or notice
    • Request an installment payment agreement
    • Respond to a bill or notice
    • Audits, bills, collections homepage
  • Forms and instructions
  • Guidance
Public employee 414(h) retirement contributions and New York City flexible benefits program (IRC 125)

If you are a member of a public employee retirement system (such as the NYS and Local Retirement System) and made 414(h) retirement contributions to your retirement plan, then you must report the contributions as an addition modification to your recomputed federal adjusted gross income (AGI) on your New York State income tax return. This addition modification is reported on line 21 on Form IT-201, Resident Income Tax Return; or line 21 of Form IT-203, Nonresident and Part-Year Resident Income Tax Return.   

Also, if you participate in a New York City flexible benefits program, IRC 125, you must report the amount deducted or deferred from your salary as an addition modification to recomputed federal AGI on line 23 of Form IT-201, Resident Income Tax Return; or line 22 of Form IT-203, Nonresident and Part-Year Resident Income Tax Return.    

Both the 414(h) retirement contributions and IRC 125 benefit plan amounts are reported to you in box 14 of your Wage and Tax Statement (Form W-2).

Updated: January 07, 2021

Từ khóa » Box 14 414(h)(2)