W2 items in Box 14. Company paid or not?

Hello, LogineticsLLC.

I got some clarifications to share regarding the posting of your health insurance in the system. 

Pre-tax insurance plans decrease the amounts in Boxes 1, 3, and 5 because they aren't subject to Federal Withholding, Social Security, or Medicare. Pre-tax insurance plans don't report in Boxes 12 or 14 on the W-2. 

The information that will show up on box 14 of the W2 in QuickBooks Desktop are the following: 
 

Let me also share these links that you can read to learn more about W-2s and how to file and print it:

• W2 form boxes explained
• How to print W-2s forms 
• E-file Federal W-2 Forms  

Also, to know more about the W2 form, check out this article: Get answers to your W-2 questions. It includes a list of frequently asked questions about the form with links to address the different payroll services.

Don't hesitate to drop a comment below if you have other questions. I'm more than happy to help. Take care!

Is the plan in my example, where it's paid pre-tax but with a 100% employee contribution, considered a Pre-tax insurance plan?

I’ve got you covered, @LogineticsLLC. 

Yes, you’re correct. Health insurance premiums, including health savings plans, are pre-tax deductions. This assumes that your business can offer health insurance to your employees. 

You can read this reference to determine and get more insights about your payroll deductions and reporting: The quick and easy guide to payroll deduction.

I’m also adding these resources that provide useful information on how to manage your payroll and financials efficiently, stay organized and compliant:

• Set up, change, or delete employee-paid payroll deductions
• 10 expert tips on how to stay payroll compliant

You can always get back to this thread if you have additional questions or concerns about your payroll setup. I’ll be here anytime to help. Take care!

So by saying Yes, you mean it qualifies as a pre-tax medical plan.

But since the employee portion is 100% contribution, is it considered company paid?

Are the W2 Box 14 numbers valid if it's not considered company paid?

Thanks for getting back to us, @LogineticsLLC.

Yes, it is considered company-paid since the employee portion is a 100% contribution.

With regards to W2 Box 14, it's best to reach out to your tax advisor. They, be able to provide further assistance with this matter.

Additionally, I'll be adding this resource that contains articles that can help you with your future Payroll tasks: Self-Help Articles for QuickBooks Desktop Payroll.

Please know that the Community is always around to help. Tag me in your reply, and I'll get back to you as soon as possible. Have a good one and stay safe at all times.