TAX SHELTERED DEDUCTIONS

PAYROLL DEDUCTIONS THAT ARE DEDUCTED FROM PAY BEFORE TAXES ARE CALCULATED

All of the below deductions from pay need to be added back to the grosses in the appropriate W2 form boxes to balance to the gross year to date wage on the final paycheck of the calendar year.

Please note that the calendar year ends 12/15 of every year, as what appears on the W2 is when wages are paid not when they are earned. The pay period ending 12/31 is paid in 1/7 of the following calendar year.

FICA/MEDHI/FEDERAL AND STATE TAX SHELTERS:

W2 form boxes – #1, 3, 5, 10 and 16
Check Stub Benefit Code:
PRKPER Parking Permit-Continuous Deduction
PRKUHN Parking Permit Deduction
AMBC Blue Cross Blue Shield Medical Only
AMDBC Blue Cross Blue Shield Medical/Dental
AMDUHP UUHP Medical/Dental
AMDVC Value Care Medical/Dental
AMVC Value Care Medical Only
AMUHP UUHP Medical Only
MBCBS Blue Cross Blue Shield Medical Only
MDBCBS Blue Cross Blue Shield Medical/Dental
MDUUHP UUHP Medical/Dental
MDVB Value Care Basic Medical/Dental
MDVC Value Care Medical/Dental
MHLRET Health Plan Retirees
MUUHP UUHP Medical Only
MVB Value Care BASIC Medical Only
MVC Value Care Medical Only
FSAMED FSA Health Care Reduction
FSADEP FSA Dependent Care
HSA Health Spending Account

FEDERAL AND STATE ONLY TAX SHELTERS:

W2 form boxes – #1 and 16
Check Stub Benefit Code:
403TDA 403(b) Tax Deferred Annuity
TDAHSP (403(b) Tax Deferred Annuity
TDA50+ 403(b) Age 50+ Additional Catch Up
TDA15Y 403(b) 15 Year Additional Catch Up
457TDA 457(b) Tax Deferred Annuity
457CUP 457(b) 15 Year Additional Catch Up