Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #3  
Old 04-13-2007, 07:11 AM
BobB
Guest
 
Posts: n/a
Default Re: Box 14 Code Mass W2 - PreTax Retirement = Social Security

<rlc...[at]animato.arlington.ma.us> wrote:
- quote -

> "BobB" <bobby.bea...[at]gmail.com> writes:

> > I have a W-2 from the state of Massachusetts and on the W-2
> > no Social Security Benefits are listed but there is Box 14
> > Code (C) which is listed as Pre-Tax Retirement
> > Contributions. Someone told me this is Social Security.


> It's not. It's a contributory state pension. Your father
> likely started working for MA before state workers were
> brought into the SS system (if they ever were) and was
> grandfathered in.


> > Any idea if this should be listed as Social Security?


> No, it shouldn't.


Thanks Rich and everyone else that replied. I appreciate
the information and I most certainly didn't put it as Social
Security. Sorry for the late response.

Thanks,
BobB

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >
  #2  
Old 03-27-2007, 04:43 AM
Harlan Lunsford
Guest
 
Posts: n/a
Default Re: Box 14 Code Mass W2 - PreTax Retirement = Social Security

BobB wrote:

- quote -

> I have a W-2 from the state of Massachusetts and on the W-2
> no Social Security Benefits are listed but there is Box 14
> Code (C) which is listed as Pre-Tax Retirement
> Contributions. Someone told me this is Social Security.
> I'm doing this return for my elderly father in-law.
> Any idea if this should be listed as Social Security?


In addition to other replies about it not being Social
Security, you might want to make sure the state wages are
correctly entered on the state return. They may not be the
same as federal wages in box one.

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #1  
Old 03-26-2007, 02:57 PM
Phil Marti
Guest
 
Posts: n/a
Default Re: Box 14 Code Mass W2 - PreTax Retirement = Social Security

"BobB" <bobby.beagan[at]gmail.com> wrote:

- quote -

> I have a W-2 from the state of Massachusetts and on the W-2
> no Social Security Benefits are listed but there is Box 14
> Code (C) which is listed as Pre-Tax Retirement
> Contributions. Someone told me this is Social Security.


Someone lied. It's exactly what it says it is.

- quote -

> I'm doing this return for my elderly father in-law.
> Any idea if this should be listed as Social Security?


I'm not sure where you're thinking of putting it on the
return, but it doesn't go anywhere on the Federal return.
Check the state instructions to see if there's an adjustment
there. For example, in Kansas state employees' retirement
contributions are not taxed at the Federal level but are
added to Federal AGI for state tax computation.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 03-26-2007, 02:57 PM
Rich Carreiro
Guest
 
Posts: n/a
Default Re: Box 14 Code Mass W2 - PreTax Retirement = Social Security

"BobB" <bobby.beagan[at]gmail.com> writes:

- quote -

> I have a W-2 from the state of Massachusetts and on the W-2
> no Social Security Benefits are listed but there is Box 14
> Code (C) which is listed as Pre-Tax Retirement
> Contributions. Someone told me this is Social Security.


It's not. It's a contributory state pension. Your father
likely started working for MA before state workers were
brought into the SS system (if they ever were) and was
grandfathered in.

- quote -

> Any idea if this should be listed as Social Security?

No, it shouldn't.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 03-25-2007, 03:47 PM
BobB
Guest
 
Posts: n/a
Default Box 14 Code Mass W2 - PreTax Retirement = Social Security

Hi,

I have a W-2 from the state of Massachusetts and on the W-2
no Social Security Benefits are listed but there is Box 14
Code (C) which is listed as Pre-Tax Retirement
Contributions. Someone told me this is Social Security.

I'm doing this return for my elderly father in-law.

Any idea if this should be listed as Social Security?

Thanks,

BobB

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

Tags
box, code, mass, pretax, retirement, security, social
Similar Threads
Thread Forum Replies Last Post
Social Security
jtc: I know we have had discussion on this board about collecting SS My exact question is: Husband is the only wage earner and will take full...
Taxes 22 10-01-2005 05:59 AM
Social Security as Income
jtc: I am confused. If SS is your only income is it necessary to file Federal or MN state income taxes? Does the SS department send you a W2 just like...
Taxes 10 02-24-2005 08:15 AM
Social Security?
KSB: I started an S corporation last year and am filing an 1120s. My account tells me I do net have to pay self-employment taxes on the ordinary...
Taxes 6 02-09-2005 03:55 AM
Social Security
Glendar: In the Lifetime Planner function, I do not see any allowance for Social Security income down the road. The Help function describes how Money would...
Microsoft Money 2 02-28-2004 09:59 PM
Social Security payback
Nan Eklund: Client had $2000 Social Security in 2002 of which $1700 was taxable. Her SSA-1099 for 2003 showed a negative $2000 (had to pay it back). My...
Taxes 7 02-23-2004 03:05 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 03:56 PM.