Education Plan Contribution Pay Codes
|
Code Name |
Description |
Additional Information |
W-2 Box |
|---|---|---|---|
|
College Savings Plan (529) |
Employee deduction for a qualified college savings plan |
Employee contributions to a tax-deferred college savings plan. The initial employee deductions are not tax deductible. Tax is not paid by the employee on the account's earnings until the funds are disbursed to pay for college. |
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