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Level 1
February 15, 2022
Question

Is it correct to have an amount in box 1 and box 12 for third party sick pay? Box 1 is higher than 12

  • February 15, 2022
  • 1 reply
  • 7 views
Box 1amount: $5217, Box 12a: Code J $354, Box 14: 3rd Party Sick Pay $5271
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1 reply

George4Tacks
Level 15
February 16, 2022

Why do you leave us to guess that you are talking about a W-2? There is lots of room to type more information.

Assuming W-2 - YES

Box 12 is explaining that an itty bitty amount is tax free. Box 14 is informational that the rest of it was paid for by somebody else and NOT a taxpayer policy, so they now have the privilege of paying tax on it. 

Answers are easy. Questions are hard!