What is VPDI code?
What is VPDI code?
VPDI stands for Voluntary Plan for Disability Insurance, and this can be entered by entering the Description and Amount from your Form W-2 and then selecting the category Wages for SDI, VPDI, TDI, UI, etc. 0. 3.
How do I report Ca SDI on my W-2?
That is California state disability insurance. It is a mandatory tax. When entering your w-2, put your CA SDI amount in box 14 instead of box 19 (if it is in 19) so that it will be deducted as part of your state/local income taxes paid.
Why is NY PFL on my W-2?
Your employer will deduct premiums for the Paid Family Leave program from your after-tax wages. Your premium contributions will be reported to you by your employer on Form W-2 in Box 14 as state disability insurance taxes withheld.
What is VPDI on W-2 Box 14?
Select VPDI for your W-2 box 14 VDI. VDI is Voluntary Disability Insurance and VPDI is Voluntary Plan Disability Insurance.
What is Box 14 on W-2 VPDI?
Box 14: VPDI California Voluntary Plan for Disability Insurance. Refer to Payroll tax deduction code CA Vol Dis/EE on your Pay Statement.
Do I report state disability income on my taxes?
No, per the California State Economic Development Department, if you leave work because of a disability and receive disability benefits, those benefits are not reportable for tax purposes.
Is VPDI the same as SDI?
Despite its name, VPDI is not actually an optional expense. Employees are required to pay into either the state disability insurance plan (SDI) or a plan that the employer provides through a self-insured private disability plan. That provide disability plan is the VPDI expense.
How do I report PFL on taxes?
Family leave insurance benefits are subject to federal income tax and to federal rules on reporting income and paying taxes. CA PFL benefits are not subject to California state income tax. Benefits paid directly from the state of California are reported on Form 1099-G. Benefits paid by Lincoln are reported on Form W-2.
Do I need to report NY PFL on taxes?
NYPFL would be listed under Other deductible state or local tax in Box 14. If you itemize your deductions, PFL is deductible on Schedule A of your tax return.