What is the box 14 code for union dues?

Look at box 14 of your W-2 form. This is a box your employer uses to record information about your pay that does not affect your taxable income or taxes. The union dues deducted from your pay during the year are shown in this box.

Are union dues an employer expense?

Note that union dues are an employee deduction and not an employer contribution. By way of further background, a union dues deduction is strictly a product of a CBA. Under the law, an employer is permitted to deduct from an employee’s wages the amount of dues that the employee has authorized.

Where do union dues go on tax return?

You can deduct dues and initiation fees you pay for union membership. These are entered as unreimbursed employee expenses on Line 21 of Schedule A (Form 1040) Itemized Deductions.

Where are union dues on W-2?

Employers disclose Union Dues paid by employees in Box 14 on Form W-2. You can deduct dues and initiation fees you pay for union membership as unreimbursed employee expenses on Line 21 of Schedule A (Form 1040) Itemized Deductions.

Is W-2 box 14 taxable?

In most cases, the information that your employer lists in Box 14 of your W-2 does not affect your income tax return. In fact, for many Box 14 entries, the IRS does not even provide a place for it to get reported on your return forms.

Are union dues reported on w2?

Employers disclose Union Dues paid by employees in Box 14 on Form W-2. You can deduct dues and initiation fees you pay for union membership as unreimbursed employee expenses on Line 21 of Schedule A (Form 1040) Itemized Deductions. You are allowed to use whichever type of deduction results in the lowest tax.

What do union dues pay for?

Union dues are the way workers who have decided to form a union pool their resources to enable the work of the union. Union dues fund the cost of bargaining, the cost of enforcing the collective agreement, and the cost of campaigns union members instruct their union to conduct.

Where are union dues on w2?

Can you deduct union dues on your income tax?

Can I Deduct Union Dues Now? For tax years 2018 through 2025, union dues – and all employee expenses – are no longer deductible, even if the employee can itemize deductions. However, if the taxpayer is self-employed and pays union dues, those dues are deductible as a business expense.