What Is Njvpdi (2024)

FAQs

What is NJ DI on W-2? ›

New Jersey Disability Insurance (SDI) is a tax for most workers whose employment is covered by New Jersey unemployment compensation law. For employees enrolled in a private disability plan (DIPP) in New Jersey, the DI PP # appears in Box 14 of their W-2 reports.

Commonly grouped together as Unemployment Insurance (UI), Workforce Development Partnership Fund (WF) and Supplemental Workforce Fund (SWF). These contributions are withheld from your wages by your employer. Your employer may report these contributions in Box 14 on your W-2.

"DI" is the usual abbreviation for Disability Insurance, typically a state program in which employers are required to participate. The PP#000-00000 is probably the employers policy or account number. In TurboTax, enter the description from your W-2's box 14 on the first field in the row.

In New Jersey, the employee contribution rate for temporary disability is set at 0.26 percent of the taxable wage base, which is $134,900.

Family Leave Insurance benefits are subject to federal income tax and to federal rules on reporting income and paying taxes. Family Leave Insurance benefits are not subject to New Jersey state income tax. You may choose to have 10% of your benefits withheld for federal income tax.

The State of New Jersey utilizes Box No. 14 of the W-2 Statement to provide its employees with information regarding items that may or may not impact the calculation of taxable wages appearing in Boxes 1, 3, 5, and 16.

Box 14. Other employers are directed to use Box 14 “for any other information that you want to give to your employee. Label each item.” This notice directs all employers to use Box 14 to report qualified sick leave wages and qualified family leave wages, unless a separate statement in used instead.

A 414(h) plan, also known as a pick-up plan, is an employer-sponsored retirement account available to public employees who work for the federal, state or local government.

New Jersey Family Leave Insurance (NJFLI) allows eligible employees up to 12 weeks of paid leave to bond with a newborn or newly adopted child or to provide care for a family member with a serious health condition.

What is NJ sui ee? ›

SUI provides unemployment benefits to eligible workers who are unemployed through no fault of their own (as determined by state law) and meet the state's eligibility requirements. New Jersey SUI Tax Details. Taxable Wage Base. $42,300. Employee Subject to Tax.

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.

Box 12 amounts with the code DD signify the total cost of what you and your employer paid for your employer-sponsored health coverage plan. Code DD amounts are for informational purposes only—they don't affect the numbers in your tax return.

For LST (local tax), please select Other mandatory deductible state or local tax from the drop-down menu in Box 14. For PAU, please select Pennsylvania Unemployment tax from the drop-down menu in Box 14. These deductions will be listed on Schedule A and included as a deduction if you itemize deductions.

Q: What is the 414H plan amount reported? A: This represents the mandatory retirement plan contributions amount deducted from your salary on a before-tax basis.

Disability Insurance (DI) is a part of the State Disability Insurance (SDI) program. It provides partial wage replacement benefits to eligible California workers who are unable to work due to a non-work-related illness, injury, or pregnancy.

NYSDI is for state disability insurance. On screen W2, box 14, enter the code SDI or DI in the left column and the amount in the right column.

Box 14 – Other

This tax is equal to 0.0425% of the first $41,100 of wages earned in 2023. Box 14 also includes FLI or Family Leave Insurance withholding, in accordance with a provision of the New Jersey Temporary Disability Benefits Law. This withholding is equal to 0.06% of the first $156,800 of wages earned in 2023.