What Is Njvpdi (2024)

FAQs

What Is Njvpdi? ›

California's Voluntary Plan for Disability Insurance (VPDI) refers to a program providing disability benefits.

California's Voluntary Plan for Disability Insurance (VPDI) refers to a program providing disability benefits.

Yes. Select VPDI for your W-2 box 14 VDI. VDI is Voluntary Disability Insurance and VPDI is Voluntary Plan Disability Insurance.

Commonly grouped together as Unemployment Insurance (UI), Workforce Development Partnership Fund (WF) and Supplemental Workforce Fund (SWF). These contributions are withheld from your wages by your employer. Your employer may report these contributions in Box 14 on your W-2.

New Jersey Disability Insurance (SDI) is a tax for most workers whose employment is covered by New Jersey unemployment compensation law. For employees enrolled in a private disability plan (DIPP) in New Jersey, the DI PP # appears in Box 14 of their W-2 reports.

Box 14: VPDI

California Voluntary Plan for Disability Insurance.

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.

New Jersey workers contribute to the cost of Temporary Disability and Family Leave Insurance through a salary deduction, noted on their paystubs. Workers continue to contribute this deduction until their gross earnings reach a specific amount in a year, known as the wage cap.

FLI can be entered on the W2 screen in box 14, with FLI in the first column and the amount in the second column.

§ 250 deductions for GILTI and FDII are not allowed. World-Wide Group Elective Basis where a CFC is included in the combined group – The GILTI, CFC income, and FDII, must be reported on Schedule A as part of the combined group's ENI. Taxpayers must include the CFC's receipts in the allocation factor on Schedule J.

Is NJ SDI tax mandatory? ›

The state of New Jersey requires that all business covered by unemployment compensation law are also required to provide coverage for State Disability Insurance (SDI). This is paid by both employees and employer through a payroll tax.

Unemployment Insurance (UI) is a program that gives financial support to people who lose their jobs through no fault of their own. To qualify for Unemployment Insurance benefits, you must meet all of the eligibility requirements of the New Jersey Unemployment Compensation Law.

Each claimant is paid 85% of their average weekly wage, up to a maximum amount payable, determined annually, for disabilities beginning during each calendar year.

You report SDI/VP withholding on Form W-2. If a taxpayer has 2 or more employers, and the combined withholding exceeds the annual capped amount, the taxpayer may claim a credit on Form 540/540NR for the excess withholding.

CA VDI is the same as CA VPDI.

FED, FIT or FITW: Federal income taxes. STATE, SIT or SITW: State income taxes. OASDI, FICA, SS or SOCSEC: Social Security payments. MED: Medicare taxes. FSA or HAS: Flexible spending account or health savings account.

Paid family leave (PFL) is money you receive when you're away from work for an extended period to take care of a seriously ill family member or bond with your newborn or newly adopted child. It can come from your employer, an insurer, or the government.