Some employees, particularly federal workers, may see "Code Z" in Box 14. This specifically refers to income received under a 409A non-qualified deferred compensation plan.
If your employer reports more than four items in Box 14, you may receive multiple W-2 forms, or you may need to ask your employer to aggregate them for electronic filing. When filing, you may need to create a second W-2 entry in your tax software, listing $1 in Box 1 to activate the additional code entry fields. 4. 2026 Social Security and Medicare Updates
Navigating Your 2026 W-2: Key Updates, Box 14 Codes, and New 'Trump Accounts'
Based on the context of W-2 tax forms for the upcoming 2026 tax season,
Beginning , a new type of traditional individual retirement account—known as a Trump account—can be established for employees' children under 18.
Box 14 is used by employers to report non-standardized information such as union dues, health insurance premiums, or state disability insurance.
These contributions are excluded from the employee's gross income. 2. Understanding Box 14: What is "Code Z"?
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