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what is 414H on my W-2 in box #14

 
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  • Answered by:Jon Andrews
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Customer Question

in box 14 of my W-2, there is a line under wd/hc that reads 414h and there is a monetary figure next to it. what is this?

Submitted: 2947 days and 4 hours ago.
Category: Tax
Value: $5
Status: CLOSED

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Expert:  Jon Andrews replied 2946 days and 18 hours ago.

414(h) represents a retirement plan that you are a participant in. The monetary number should be the amount of your voluntary contributions to the account.


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Expert TypeCertified Public Accountant (CPA)
Category: Tax
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Accepts: 2926
Answered: 4/15/2005

Experience: I deal with all levels of tax planning and controversy - from the ordinary to the complex.

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