JIMMYP Posted March 7, 2013 Report Posted March 7, 2013 Trying to find out how to handle "Transit Check" in box 14 of a client's W-2. It was on a W-2 from Long Island, NY. Quote
Lynn EA USTCP in Louisiana Posted March 7, 2013 Report Posted March 7, 2013 nontaxable transit pay - nontaxable fringe benefit ??? is my guess Quote
kcjenkins Posted March 8, 2013 Report Posted March 8, 2013 If a company provides employees with funds for public transit, that is a non-taxable fringe. http://www.irs.gov/publications/p15b/ar02.html#en_US_2013_publink1000193740 Quote
JIMMYP Posted March 10, 2013 Author Report Posted March 10, 2013 So the Transit check entry in box 14 is only informational? Not deductible? Quote
MsTabbyKats Posted March 10, 2013 Report Posted March 10, 2013 That's right.....company gives transit benefits "tax free" Quote
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