Nypsl-E Tax Code Category (2024)

1. What category is NYPSL-E in? - TurboTax Support - Intuit

  • 9 feb 2023 · It is paid sick leave. It should show as an informational item in box 14 of your W-2. After entering the item in box 14, and clicking continue, the next screen ...

2. Box 14 description and category. My W2 has Box 14 OTHER with ...

  • 4 jun 2019 · NYPSL-E is NY paid sick leave. The correct category is Other mandatory deductible state tax or local tax not listed.

3. Everything you need to know about New York's forthcoming statewide ...

  • 3 aug 2020 · New York State has enacted its own statewide paid sick leave law (NYPSL), which takes effect on September 30, 2020.

  • The enactment of paid sick leave laws began as a state and local employment law trend roughly a decade ago, gaining substantial momentum in the

4. [PDF] N-17-12:8/17:New York State's New Paid Family Leave Program:n1712

  • The State's new Paid Family Leave program has tax implications for New York employees, employers, and insurance carriers, including self-insured employers, ...

5. What' does the NYPSL-E Category mean? - General - Taxfora

6. W-2 Wage and Tax Statement Explained - OPA - NYC.gov

  • Code AA = Contributions to Roth 401(k) Plan; Code BB = Contributions to Roth 403(b) Plan; Code D = Contributions to 401(k) Plan; Code E = Contributions to 403(b) ...

  • The W-2 form is a United States federal wage and tax statement that an employer must give to each employee and also send to the Social Security Administration (SSA) every year. Your W-2 Wage and Tax Statement itemizes your total annual wages and the amount of taxes withheld from your paycheck.

7. Cost and Deductions - New York State Paid Family Leave

  • Paid Family Leave contributions are deducted from employees' after-tax wages. In 2023, the employee contribution is 0.455% of an employee's gross wages each ...

  • Learn how PFL is fully funded through employee payroll contributions and how to calculate deductions.

8. Form W-2 - Box 14 Information - TaxAct

  • Bevat niet: nypsl- | Resultaten tonen met:nypsl-

  • It's your money. Get it back for less.

9. NYS Paid Sick Leave vs. Paid Family Leave - Complete Payroll

  • 2 okt 2020 · For a full rundown of those circumstances in which NYPSL can be used, visit the law's official page on the NYS website. ... tax, accounting, or ...

  • Some employers are confusing the new Paid Sick Leave law with the existing New York State Paid Family Leave Act that was passed in 2017.

10. 2021 New York Paid Sick Leave (NYPSL) - Smola Consulting

  • 8 sep 2020 · 2021 New York Paid Sick Leave (NYPSL) ; 4 or Fewer Employees in any calendar year and net income below $1 million in the prior tax year, 40 hours ...

  • Below is a summary of the details and guidance regarding New York’s new paid sick leave law.  As of now, there is little formal guidance outside of the statutory language itself.  However, as the effective date approaches, we expect regulatory or other guidance from the New York Department of Labor to be issued in the weeks or months ahead.

11. 2024 Ny sdi on w2

  • The correct category is Other mandatory deductible state tax or local tax not listed. ... fortnite sus skinsNYPSL-E is NY paid sick leave. sunsong brake ...

  • 404

12. May NYPSL-E deduction be included with NY NDF? - Answer by ZeroTax.ai

  • ... Law), provides temporary disability benefits and is funded through deductions from employee paychecks or through employer contributions. Since NYPSL-E is ...

  • The NYPSL-E (New York Paid Sick Leave - Employer) is not a deduction from an employee's wages, but rather a benefit provided by the employer. Therefore, it is not something that would be deducted from an employee's paycheck or combined with any other deduction on an employee's W-2 form. On the other hand, NY NDF (New York Nonoccupational Disability Fund), which is more commonly referred to as NYS DBL (New York State Disability Benefits Law), provides temporary disability benefits and is funded through deductions from employee paychecks or through employer contributions. Since NYPSL-E is not a deduction from an employee's wages, it would not be combined with the NY NDF/NYS DBL deduction on a W-2 form or any other tax-related document that an employee would file. The NYPSL-E is the cost to the employer for providing paid sick leave, and it does not impact the employee's taxable income or payroll deductions. If you are an employer, you should keep these items separate for accounting and tax reporting purposes. If you are an employee, you typically do not need to worry about reporting NYPSL-E on your personal income tax return, as it does not affect your taxable income. However, you would report any contributions to NYS DBL if they are indicated on your W-2 form, usually in Box 14 or a similar state-specific section.

13. Tax Frequently Asked Questions - OPA - NYC.gov

  • Bevat niet: nypsl- | Resultaten tonen met:nypsl-

  • What is the Health Care Worker Bonus?What is changing on the 2020 Form W-4?What is a W-2 Wage and Tax Statement?When do I get a W-2?How do I get another copy of my W-2?What do I do if my W-2 is incorrect? How are the wages and taxes on my W-2 determined?Why don't the total wages on my W-2 match my salary?I worked for two agencies during the tax year. How many W-2 statements will I receive?How are my pre-tax benefit program deductions shown in my W-2? Do I pay taxes for fringe benefits?What is the Domestic Partner benefit?Is the payment I received for the Health Benefits Buy-Out Waiver Program reflected in my W-2?Does my W-2 reflect adjustments for TreasuryDirect purchases through payroll deductions?What adjustments are made on my W-2 due to injuries on the job?How do refunded payments affect my W-2?What is the Section 1127 Waiver?How did the change in the non-resident tax affect my W-2?How long should I keep a copy of my W-2?How are union disability benefits recorded on my W-2?Whom can I contact if I have a question about federal or state taxes?When I filed my taxes last year, I owed money. How can I avoid owing taxes in the future?Why is the "Retirement Plan" box checked off on my W-2 even though I am not a member of a pension system?I am a new employee and have been told that if I join the Deferred Compensation Plan, I will not pay Social Security taxes. Is this true?Have more questions about taxes?

Nypsl-E Tax Code Category (2024)

FAQs

What category is NYPSL-E on TurboTax? ›

It is paid sick leave. It should show as an informational item in box 14 of your W-2.

What is NYPSL-E on a paycheck? ›

On my NYC W-2 in Box 14 Other there are two entries: NYPSL-E and NYSDI-E. What are these? It's paid sick leave. Again, it is informational and does not affect your return.

Which category do I choose for box 14 for NY PFL? ›

NYPFL in Box 14 of your W-2 should be listed under the category of Other deductible state or local tax when you are entering your W-2 on the federal screen. If you itemize your deductions, this is deductible on Schedule A of your federal tax return.

What category is nyfli_ee? ›

State and Local Deductions
StateDescriptionBox 14 Label
New YorkFamily Leave InsuranceNYFLI_EE
New YorkState Disability InsuranceNY SDI
OregonFamily Leave InsuranceOR FLI
OregonOregon Transit TaxORSTT W/H
19 more rows

What can NYPSL be used for? ›

NYPSL may be used (1) to care for an employee or employee's family member's mental or physical illness, injury or mental health condition, whether it has been diagnosed, or requires medical care at the time the NYPSL is requested, or (2) for the diagnosis, care or treatment of an employee's or employee's family ...

Is NYPSL the same as NYPFL? ›

NYS Paid Family Leave is handled through an insurance carrier, and that carrier is responsible for paying out any PFL claims. Employees who take advantage of PFL will receive a separate paycheck from the insurance carrier. NYS Paid Sick Leave is managed and paid for by the employer themselves.

Who pays NYPSL? ›

New York's paid sick leave law requires employers with five or more employees or net income of more than $1 million to provide paid sick leave to employees and for employers with fewer than five employees and a net income of $1 million or less to provide unpaid sick leave to employees.

Who is exempt from NYS paid sick leave? ›

Eligibility. All private-sector employees in New York State are covered, regardless of industry, occupation, part-time status, and overtime exempt status. Federal, state, and local government employees are NOT covered, but employees of charter schools, private schools, and not-for-profit corporations are covered.

Is NYPFL tax mandatory? ›

Again, New York State Paid Family Leave is fully funded by employees. Although, employers may choose to cover the costs themselves. Employers must deduct NY PFL from employee wages and remit it on behalf of their employees. The 2024 contribution rate for NY family leave is 0.373%.

How do I categorize NY PFL on Turbotax? ›

To deduct this as a state income tax, you would enter "NYPFL" in the description for box 14 of your W-2 form, then the amount in box 14 and select "Other deductible state or local tax" for the entry the Category box.

What should I put as a category in Box 14? ›

Examples of items that may be reported in box 14 include:
  • The lease value of a vehicle provided to an employee.
  • A clergy member's parsonage allowance and utilities.
  • Charitable contributions made through payroll deductions.
  • Employer-paid tuition assistance.
  • Retirement plan deductions.
  • Health insurance premium deductions.

Can I opt out of NY Paid Family Leave tax? ›

Employees may be granted a waiver to opt out of the PFL benefit and to not have deductions taken from their paycheck only if they do not meet the minimum amount of time required for eligibility. To opt out, you may complete a PFL waiver (https://www1.nyc.gov/assets/dcas/downloads/ pdf/agencies/pfl_waiver_nyc.

What is NYPSL-E on W-2 TurboTax? ›

My W2 has Box 14 OTHER with descriptions NYPSL-E and NYSDI-E. What Categories do I use in Box 14 category? NYPSL-E is NY paid sick leave. The correct category is Other mandatory deductible state tax or local tax not listed.

What category is NY FLI on TurboTax? ›

NYSDI and NYFLI would fall under the category Other (deductible state or local tax) because it is deductible as a state and local tax if you itemize your deductions on Schedule A (Itemized Deductions).

What does NY FLI mean on my paycheck? ›

New York Family Leave Insurance (FLI), or Paid Family Leave (PFL), is a state mandated coverage for most private employers. The coverage is funded by employee payroll contributions.

How do I categorize NY PFL on TurboTax? ›

To deduct this as a state income tax, you would enter "NYPFL" in the description for box 14 of your W-2 form, then the amount in box 14 and select "Other deductible state or local tax" for the entry the Category box.

What to put in box 14 category TurboTax? ›

Employers can put just about anything in box 14; it's a catch-all for items that don't have their own dedicated box on the W-2. In TurboTax, enter the description from your W-2's box 14 on the first field in the row. Enter the dollar amount and select the correct tax category that goes with that description.

What category is NY SDI in box 14? ›

In the drop down box for box 14 of your W-2, report NYSDI as NY Nonoccupational Disability Fund. The payment may be deductible as a state and local tax if you itemize your deductions on Schedule A Itemized Deductions.

What category are NY state wages? ›

Box 16: State wages, tips, etc.

This box contains the wages reported in Box 1. The following is not subject to state tax: Tax Deferred Annuity and Deferred Compensation Plan (Box 12) IRC132 for Commuter Benefits (Box 14)

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