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#1
04-09-2006, 04:04 PM
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 Re: employee 401(k) contributions subject to MA income tax? dogh0use[at]fastemail.us wrote: - quote - > Does anyone know whether an employee's contribution to a
It follows Federal taxes, and the 401k money is not taxed.> 401(k) (the amount listed under code D in box 12 on a W-2) > is included in wages which are subject to Massachusetts' > income tax? Or is it similar to Federal taxes and not > subject to the income tax? JOE << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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04-09-2006, 04:03 PM
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| Re: employee 401(k) contributions subject to MA income tax? dogh0use[at]fastemail.us writes: - quote - > Does anyone know whether an employee's contribution to a
Though MA does tax IRA contributions, it does NOT tax> 401(k) (the amount listed under code D in box 12 on a W-2) > is included in wages which are subject to Massachusetts' > income tax? 401(k) contributions. Which you should be able to easily verify by comparing the "state wages" box on the W-2 to, say, the Medicare Wages box. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
04-08-2006, 10:24 AM
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| employee 401(k) contributions subject to MA income tax? Does anyone know whether an employee's contribution to a 401(k) (the amount listed under code D in box 12 on a W-2) is included in wages which are subject to Massachusetts' income tax? Or is it similar to Federal taxes and not subject to the income tax? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 401k, contributions, employee, income, subject, tax |
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