why would retirement deduction be reported on box 14 w-2
Box 14 Allowances. Box 14 on the W-2 is for your own use to report information to employees. The Social Security Administration and the IRS ignore this box. The calendar year amounts of the codes, deductions or benefits, you enter on this window will be printed in Box 14 of the W-2 statement.he Social Security Administration and the IRS ignore this box. The calendar year amounts of the codes, deductions or benefits, you enter on this window will be printed in Box 14 of the W-2 statement.
Form W-2 - Box 14 Other Information. Employers use Box 14 on Form W-2 to provide other information to employees. Generally, the amount in Box 14 is for informational purposes only; however, some employers use Box 14 to report amounts that should be entered elsewhere on your return.Please Note: Employers use many different abbreviations and codes in Box 14 to report a variety of information.enerally, the amount in Box 14 is for informational purposes only; however, some employers use Box 14 to report amounts that should be entered elsewhere on your return. Please Note: Employers use many different abbreviations and codes in Box 14 to report a variety of information.