neilbrink Posted March 31, 2009 Report Posted March 31, 2009 I rarely see this Code used on a W-2. Code Y - Sec 409(a) deferred comp plan deferrals. ATX on its W-2 worksheet is wanting to reduce the Medicare Wages amount in Box 5 by the deferred comp amount, but the Company issuing the W-2 is not reducing it. Does anyone know which way is correct? Thanks. Neil Quote
schirallicpa Posted March 31, 2009 Report Posted March 31, 2009 ATX is correct. Deferred comp is subject to the FICA portion, but not the HI (medicare) portion of tax. Quote
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