As far as i could see, these taxes are effective 01/01/2023, meaning that they will affect this year's year end. Yes, you are correct that co famli item in box 14 is not tax deductible, so the correct box 14 category is other (not classified). So, the changes related to that, if any, would just be released.
W2 Laser Employee Copy 2 & C
Here's a list of what each one means.
The following guide is intended to answer the most frequently asked questions regarding the content and distribution.
In fact, for many box 14 entries, the irs does not even provide a place for it. Employers can use it to report additional tax or income information for filing or informational. The famli act makes clear that benefits are not subject to state income. The amount does not reduce taxable.
You will need to interpret them to enter them into your return. If none of the categories apply, scroll to the bottom of the list and choose other (not classified). When filing an electronic return,. This can make it difficult to determine what the information entered in that box means.
