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state of new jersey box 14 deductions

janine
Level 4

The deductions for State of NJ box 14 have increased for 2020.  The amounts on the program have not been updated.  any thoughts on this subject?

 

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3 Comments 3
Accountant-Man
Level 12

Not ready yet. Since the program does not calculate them on the W2, you have to input them anyway. Last year it took a while to get the program to warn you if the amounts were too high.

The real problem is the NJ 2450 when a taxpayer has more than one job and the NJ credits are needed.

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janine
Level 4

Program has been updated and the amounts are correct both in federal and New Jersey.  I am referring to W2  for Box 14.  Also NJ form 2450 is calculating the amounts correctly as well.  

Hope this helps our community.

 

Accountant-Man
Level 12

I just updated this past minute-the NJ amounts on the 2450 are updated, but the limits on the W2 box 14 have not been updated.

They are not automatic and must be input.

** I'm still a champion... of the world! Even without The Lounge.
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