New York taxable wage adjustment amount

For New York’s annual wage reporting, NYS-45 instructions Part C Column d includes exceptions to reporting; report Federal wages plus 414(h)/IRC 125 amounts or Federal wages minus benefits amount. To override the default quarterly reporting functionality of reporting Federal wages, specify the adjustment amount on the Employee Year End Parameters page.

See Updating employee year-end parameters.

If an employee’s Federal and New York wages do not match, quarterly reporting finds the amount in the New York Taxable Wage Adjustment Amount field and adjusts Federal wages by that amount.