Covidsick on W-2
Posted: March 9th, 2021, 7:04 pmThe IRS has released some guidance regarding the W-2, Wage and Tax Statement for 2020. COVID-19 Qualifying Sick Leave wages and Family Leave wages should be reported on Box 14 as Other as well as in Boxes 1, 3, and 5. If you have these types of wages, you can assign the Income Factors called COVIDSICK, COVIDCARE, and COVIDFAMILY to Box 14 in the following way:
1. Go to Payroll/Configure/Income.
2. Select the COVID Income Factor previously created for qualifying Sick or Family Leave.
3. In the Additional W-2 reporting box, click the down arrow.
4. Select Other Information Box.
5. Click OK and Save changes.
This procedure can be done at any time.
1. Go to Payroll/Configure/Income.
2. Select the COVID Income Factor previously created for qualifying Sick or Family Leave.
3. In the Additional W-2 reporting box, click the down arrow.
4. Select Other Information Box.
5. Click OK and Save changes.
This procedure can be done at any time.