- Oct 30, 2000
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Originally posted by: elwood
Two quick questions. I can't figure out what box 14 is for, it says "SEC414 - $1681.90" At first i thought this was my pension contribution (i work for the sheriffs dept.) but i checked online and it shows my total contribution as "$1,379.94". Should i call payroll and see if they can explain?
Another question, since i had my savings account i think at one time i had a total of $75 with a grand total accrued interest of 1cent. When i enter this it drops my refund by $10, why? Can i just leave it out or would they audit me for not showing my 1cent of interest income?
EDIT: My girlfriend has her wages garnished from some old credit card debt. How does this play into income taxes? Does she have to wait for some form from them or will the tax preparer know what to do with this. (she's having her taxes done by a professional, just trying to save her a trip if she needs to wait for a paper or something.)
1) Info in line 14 is usually pre-tax withholdings of some type. You would be best to contact your HR to get clarification of those.
2) Interest under $1 (total) does not need to be reported. If the inclusion of $0.01 is causing a bracket creep; it seems as if you are entering something incorrectly.
3) Good friends to not let GFs go to a tax preparer. Many use the same S/W that you get online or stand alone. If one has close to a High School education and has enough smarts to post a tax related question, they can do taxes using tax S/W for simple/intermediate returns with no problems.
4) Wage garnishmentis just another way of paying a bill. It has nothing to do with taxes.