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-   -   On nj w2 form, which figure do I use when filing taxes? (https://www.askmehelpdesk.com/showthread.php?t=459083)

  • Mar 20, 2010, 11:06 AM
    ronofnj
    On nj w2 form, which figure do I use when filing taxes?
    On my W2 form, there are 2 different amounts listed - 1 for "wages" & 1 for State wages - which do I use when filing State tax form? Can I deduct the amounts contributed to the 414H plan on the State form?
  • Mar 22, 2010, 06:09 AM
    ebaines

    For your NJ statw income tax return use the NJ State wages number. The difference between the federal and sate nyumbers is because some of your deductions are "pre-tax" for federal purposes but not for NJ (your contribution to medical and dental, for example).

    Your 414H contributions should alreadu be excluded from the amounts reported in both your federal and state wages on your W2, so no - do not deduct them a second time. For reference, see: http://www.state.nj.us/treasury/omb/...pdf/w2info.pdf

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