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What is 414H on my W-2?

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In box 14 of my...

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: 12 years ago.Category: Tax
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Answered in 10 hours by:
4/15/2005
Tax Professional: Jon Andrews, Certified Public Accountant (CPA) replied 12 years ago
Jon Andrews
Jon Andrews, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 3,118
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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.

Jon Andrews
Jon Andrews, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 3,118
Experience: I deal with all levels of tax planning and controversy - from the ordinary to the complex.
Verified
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