<p>In 12C. Other nontaxable income<br>
worksheet
Payment to tax-deferred pension and savings plans as reported on W-2 forms(s).<br>
Include amounts withheld from earnings for qualified retirement plans, such as 401(k)<br>
and 403(b) plans.<br>
Do not report amounts entered in 10A or 10B. </p>
<p>When I should look at my W-2? </p>
<p>Thanks.</p>
<p>yan,</p>
<p>Since most boarding schools want your SSS to be filed before your W2 will arrive (they typically arrive at the end of January with SSS being due at the beginning of Janurary), you will have to know how much your employer deducted from your earnings during the year to be deposited in your tax deferred retirement account (please note that Roth 401k deduction - post tax - do not count here).</p>
<p>If you are unsure, and it is not clear on your last pay stub of the year (although it should be), one method of deducing how much was taken out for 401k/403b accounts would be to subtract total income subject to Federal Income Tax from total income subject to FICA taxes. 401k and 403b deferrals are the only deduction from your paycheck that is subject to FICA (Social Security) taxes but NOT subject to the Federal Income Tax.</p>
<p>I hope I haven’t confused you further.</p>