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Box 14 Code Mass W2 - PreTax Retirement = Social Security

  
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Subject Author Date
Box 14 Code Mass W2 - PreTax Retirement = Social Security BobB 03-25-2007
Posted by BobB on March 25, 2007, 11:47 am
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 Hi,

I have a W-2 from the state of Massachusetts and on the W-2
no Social Security Benefits are listed but there is Box 14
Code (C) which is listed as Pre-Tax Retirement
Contributions. Someone told me this is Social Security.

I'm doing this return for my elderly father in-law.

Any idea if this should be listed as Social Security?

Thanks,

BobB

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Posted by Phil Marti on March 26, 2007, 10:57 am
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> I have a W-2 from the state of Massachusetts and on the W-2
> no Social Security Benefits are listed but there is Box 14
> Code (C) which is listed as Pre-Tax Retirement
> Contributions. Someone told me this is Social Security.

Someone lied. It's exactly what it says it is.

> I'm doing this return for my elderly father in-law.
>
> Any idea if this should be listed as Social Security?

I'm not sure where you're thinking of putting it on the
return, but it doesn't go anywhere on the Federal return.
Check the state instructions to see if there's an adjustment
there. For example, in Kansas state employees' retirement
contributions are not taxed at the Federal level but are
added to Federal AGI for state tax computation.

--
Phil Marti
Clarksburg, MD

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Rich Carreiro on March 26, 2007, 10:57 am
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> I have a W-2 from the state of Massachusetts and on the W-2
> no Social Security Benefits are listed but there is Box 14
> Code (C) which is listed as Pre-Tax Retirement
> Contributions. Someone told me this is Social Security.

It's not. It's a contributory state pension. Your father
likely started working for MA before state workers were
brought into the SS system (if they ever were) and was
grandfathered in.

> Any idea if this should be listed as Social Security?

No, it shouldn't.

--
Rich Carreiro rlcarr@animato.arlington.ma.us

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Harlan Lunsford on March 27, 2007, 12:43 am
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BobB wrote:

> I have a W-2 from the state of Massachusetts and on the W-2
> no Social Security Benefits are listed but there is Box 14
> Code (C) which is listed as Pre-Tax Retirement
> Contributions. Someone told me this is Social Security.
>
> I'm doing this return for my elderly father in-law.
>
> Any idea if this should be listed as Social Security?

In addition to other replies about it not being Social
Security, you might want to make sure the state wages are
correctly entered on the state return. They may not be the
same as federal wages in box one.

ChEAr$,
Harlan Lunsford, EA n LA

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by BobB on April 13, 2007, 3:11 am
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>> I have a W-2 from the state of Massachusetts and on the W-2
>> no Social Security Benefits are listed but there is Box 14
>> Code (C) which is listed as Pre-Tax Retirement
>> Contributions. Someone told me this is Social Security.

> It's not. It's a contributory state pension. Your father
> likely started working for MA before state workers were
> brought into the SS system (if they ever were) and was
> grandfathered in.

>> Any idea if this should be listed as Social Security?

> No, it shouldn't.

Thanks Rich and everyone else that replied. I appreciate
the information and I most certainly didn't put it as Social
Security. Sorry for the late response.

Thanks,
BobB

<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>

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