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Barbara Lamar
Barbara Lamar, Tax Lawyer, CPA
Category: Tax
Satisfied Customers: 188
Experience:  JD, MBA University of Texas at Austin, over 18 years representing small businesses
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Line 14 of my W-2 says DIP. What does that mean

Resolved Question:

I work for a bank service corporation
Submitted: 12 years ago.
Category: Tax
Expert:  Barbara Lamar replied 12 years ago.
Did you participate in any sort of Deferred Interest Program?
Customer: replied 12 years ago.
Reply to Barbara Lamar's Post: NO. I only worked part time and participated in nothing. I paid for dental insurance out of each check, but the amt. listed next to DIP was greater than my total insurance payments.
Expert:  Barbara Lamar replied 12 years ago.
Box 14 is supposed to be for distributions from nonqualified deferred compensation plans.

If there was no dollar amount in the box, you don't need to worry about it. If there is a dollar amount in the box, you need to talk to whoever does the payroll where you work and ask if they've made a mistake.
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