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January 9, 2025
Question

Line 14 on W-2

  • January 9, 2025
  • 1 reply
  • 0 views

Hello,

I think that I messed up when setting up the Owners payroll deduction for his health insurance and dental insurance. I was told that his insurance is taxable, and I needed to set it up an item in the payroll Called Health Insurance Taxable and in doing so under the tax tracking type there is a drop-down list of different items. I chose the "SCorp Pd Med Premium" so when I went to print the W-2's he has a negative amount under Line 14. Which is the exact amount of the Dental and Health insurance that was taken out of his paycheck.  So, this is a two-part question

1) What should it have been if not the "SCorp Pd Med Premium"

2) How do I fix this issue since the last paycheck was already issued. 

I can't seem to move on with the reporting of the W-2's with a negative. 

 

1 reply

Tori B
January 9, 2025

Good evening, @icewoman.

 

How are you today? I hope you're doing great! 

 

For this one, I recommend contacting our Payroll Support Team. This way, one of our agents can review your account in a secure environment and investigate this matter further. You can use the link I'm including below to connect with our team directly.

 

 

Feel free to check out this reference to determine and get more insights about your payroll deductions and reporting: The quick and easy guide to payroll deduction.

 

Please don't hesitate to let me know if there is anything else I can assist you with. Take care!