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Reporting of After-Tax Contributions
BenefitsLink Message BoardsLink to more items from this source
June 25, 2021

"Payroll company, which by definition is in the business of processing payroll, asked my client to confirm tax reporting for after-tax contibutions. To which I responded, 'can you please have your payroll confirm who the HCEs are for 2021'? (Kidding, of course.) My understanding is that as far as tax reporting goes on W-2s and 941s, these deductions are no different than 401k loan payment. Am I correct?

I think it's one of those things where I can't find any articles on how to report it on W-2s and 941s because there's simply no requirement to do so. I'm trying to prove a negative, is the other way to look at it.

I did find this in the W-2 instructions:

'Reported in box 14, but not in box 12. -- After-tax contributions that are not designated Roth contributions, such as voluntary contributions to a pension plan that are deducted from an employee's pay.'

And Box 14 is apparently just a 'whatever you want it to be' box, nothing regulatory about it."

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