What is Box 20 locality name on w2?
Box 20 – Locality name. This is the specific local taxation district that received the taxes from box 19. If this is not the district in which you live, you may need to file more than one set of local taxes.
What is PA UN on w2?
What does PASU or PASUI stand for? PASU or PASUI stands for PA state unemployment compensation insurance. It is for information purposes only and is not entered as income or deducted from compensation on the PA-40.
What is your PSD code?
A PSD code stands for political subdivision codes. These are six digit numbers that identity municipalities (cities, boroughs, townships) in Pennsylvania, and Pennsylvania alone. These codes help employers distribute the correct amount of local Earned Income Tax (EIT) to the corresponding tax jurisdictions.
Why are my pa taxable wages different from my federal W 2 wages?
Question: Why are my Federal Taxable Wages (Box 1 on Form W-2) lower than my other wages? Answer: Federal taxable wages are reduced by pre-tax deductions such as retirement and deferred compensation.
Why are there two numbers in Box 18 of my W-2?
Which number should I enter for local wages, tips, etc? You only need to enter the information from box 18 IF there is an amount in box 19. You can skip over or delete any line items that do not have an amount in box 19.
How do I report Pa LST on W2?
Report LST withholding in Box 14 of the W2. DO NOT report LST withholding in Box 19, which is reserved exclusively for local earned income tax payroll withholding.
Is PA local tax based on where you live or work?
If the tax is withheld in another PA community where I work, do I also pay the PA District in which I live? No. Generally the tax withheld by your employer will be remitted to your resident jurisdiction. However, you are still required to file an annual tax return with your resident taxing jurisdiction.
What is Pittsburgh PSD code?
District of Pittsburgh, your PSD Code is 700102. used on your Residency Form and on your Final Local Earned Income Tax Return which must be filed by all taxpayers annually.
Do I need to enter Box 14 on W-2?
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.
What is code 125 in box 14 on W-2?
Box 14. Your employer may report your cafeteria plan deductions in Box 14, which is labeled “Other.” It might use the code “Section 125” or “Café 125,” and then state your pretax payments. This data is optional and can clear up any confusion you have about the amount in Box 1.
What do the boxes mean on W2?
Here’s what some of the boxes on your W2 mean: Box 1 – The total of your taxable wages, tips, other compensation (this is adjusted by pre-tax and 401k deferrals). Box 2 – The total amount of federal income tax that was withheld from your check. Box 3 – The total in wages that were subject to the social security.
Which box on W2 is taxable income?
Box 1 of Form W-2 is used to report the total federally taxable income earned during the year. Box 1 of Form W-2 is used to report federally taxable income. Total the amount of earned income that the employee received during the year. This income includes wages, tips and commissions.
What is a W2 box?
The W-2 form is divided into boxes that report various items relating to your income. In box 1 of the W-2 you will find your annual wage and salary payments with the amount of federal tax withheld from it in box 2.
What does box 12 code “W” on my W2 mean?
Code W in Box 12 of your W2 indicates that you have an employer-sponsored Health Savings Account and that there was money deposited into your HSA through the payroll system at work. Code W opens up Form 8889, Health Savings Accounts, on your tax return.