New York requires public employee 414(h) retirement contributions must be reported as an addition modification to Federal AGI on the New York tax return.
These contributions are reported on line 21 of both Form IT-201, Resident Income Tax Return, and Form IT-203, Nonresident and Part-Year Resident Income Tax Return.
When entering Form W-2 in the federal return In TaxSlayer Pro, enter the literal 414HSUB in Box 14 along with the amount, and the amount will flow to line 21 of the New York tax return.
Note: 414HSUB is the code New York is expecting to see in the tax return in W-2 Box 14. Don't enter any other code for these contributions.
If the addition modification needs to be adjusted in the New York tax return, from the New York Tax Return Menu select:
- New York Taxable Income
- New York Additions to Federal AGI
- Public Employee 414(h) - From W-2 Box 14
- Adjust Line 1 (+/-) - Enter the adjustment amount as needed. (Do not enter an adjustment if there is no amount flowing here from the W-2, as the return will reject when electronically filed.)
Additional Information: