Form W-2vi - U.s. Virgin Islands Wage And Tax Statement - 2014 Page 7
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9Instructions for Employee (continued from
P—Excludable moving expense reimbursements paid directly to employee
back of Copy B)
(not included in boxes 1, 3, or 5)
Q—Nontaxable combat pay. See your tax return instructions for details on
Box 12 (continued)
reporting this amount.
However, if you were at least age 50 in 2014, your employer may have
R—Employer contributions to your Archer MSA. Report on Form 8853,
allowed an additional deferral of up to $5,500 ($2,500 for section 401(k)(11)
Archer MSAs and Long-Term Care Insurance Contracts.
and 408(p) SIMPLE plans). This additional deferral amount is not subject to
S—Employee salary reduction contributions under a section 408(p) SIMPLE
the overall limit on elective deferrals. For code G, the limit on elective
plan (not included in box 1)
deferrals may be higher for the last 3 years before you reach retirement age.
Contact your plan administrator for more information. Amounts in excess of
T—Adoption benefits (not included in box 1). Complete Form 8839, Qualified
the overall elective deferral limit must be included in income. See the
Adoption Expenses, to figure taxable and nontaxable amounts.
“Wages, Salaries, Tips, etc.” line instructions for your tax return.
V—Income from exercise of nonstatutory stock option(s) (included in boxes
Note. If a year follows code D through H, S, Y, AA, BB, or EE, you made a
1, 3 (up to social security wage base), and 5). See Pub. 525 and instructions
make-up pension contribution for a prior year(s) when you were in military
for Schedule D (Form 1040) for reporting requirements.
service. To figure whether you made excess deferrals, consider these
W—Employer contributions (including amounts the employee elected to
amounts for the year shown, not the current year. If no year is shown, the
contribute using a section 125 (cafeteria) plan) to your health savings
contributions are for the current year.
account (HSA). Report on Form 8889, Health Savings Accounts (HSAs).
A—Uncollected social security tax on tips. Report on U.S. Form 1040, or on
Y—Deferrals under a section 409A nonqualified deferred compensation plan
Form 1040-SS if not required to file Form 1040.
Z—Income under a nonqualified deferred compensation plan that fails to
B—Uncollected Medicare tax on tips. Report on U.S. Form 1040, or on Form
satisfy section 409A. This amount is also included in box 1. It is subject to an
1040-SS if not required to file Form 1040.
additional 20% tax plus interest. See “Other Taxes” in the instructions for
C—Taxable cost of group-term life insurance over $50,000 (included in
your tax return.
boxes 1, 3 (up to social security wage base), and 5)
AA—Designated Roth contributions under a section 401(k) plan
D—Elective deferrals to a section 401(k) cash or deferred arrangement. Also
BB—Designated Roth contributions under a section 403(b) plan
includes deferrals under a SIMPLE retirement account that is part of a
section 401(k) arrangement.
DD—Cost of employer-sponsored health coverage. The amount reported
with code DD is not taxable.
E—Elective deferrals under a section 403(b) salary reduction agreement
EE—Designated Roth contributions under a governmental section 457(b)
F—Elective deferrals under a section 408(k)(6) salary reduction SEP
plan. This amount does not apply to contributions under a tax-exempt
G—Elective deferrals and employer contributions (including nonelective
organization section 457(b) plan.
deferrals) to a section 457(b) deferred compensation plan
Box 13. If the “Retirement plan” box is checked, special limits may apply to
H—Elective deferrals to a section 501(c)(18)(D) tax-exempt organization plan.
the amount of traditional IRA contributions that you may deduct. See Pub.
(You may be able to deduct.)
590, Individual Retirement Arrangements (IRAs).
J—Nontaxable sick pay (information only, not included in boxes 1, 3, or 5)
Note. Keep Copy C of Form W-2VI for at least 3 years after the due date for
filing your income tax return. However, to help protect your social security
M—Uncollected social security tax on taxable cost of group-term life
benefits, keep Copy C until you begin receiving social security benefits just
insurance over $50,000 (former employees only). Report on U.S. Form 1040,
in case there is a question about your work record and/or earnings in a
or on Form 1040-SS if not required to file Form 1040.
particular year.
N—Uncollected Medicare tax on taxable cost of group-term life insurance
over $50,000 (former employees only). Report on U.S. Form 1040, or on
Form 1040-SS if not required to file Form 1040.
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