W-2, Box 14, Code 16 - Nontaxable Sec 414(h) Contributions

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W-2, Box 14, Code 16 - Nontaxable Sec 414(h) Contributions: 1040 New York (NY) Show expandable text Hide expandable text

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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

The Section 414(h) contributions (Code 16) are not taxable; therefore, the amount does not appear on the NY return. Code 16 is used for Sanitation Workers and Teachers (Tier 1 and Tier 2); although, not common, it is valid.

Note: Code 10 is for taxable amounts of Section 414(h) contributions, which will appear on the NY return.

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