On a W-2 form, "FLI" typically stands for "Family Leave Insurance" or "Family Leave Insurance Tax". FLI is a state program in certain states that provides benefits to workers who take time off for family-related reasons, such as caring for a sick family member or bonding with a new child.
In terms of what you’d see on your W-2:
Box 14: FLI amounts are often reported in Box 14 of the W-2. This box can be used to report various types of income or deductions that may not fit into other standard boxes.
- Deductions: The amount shown for FLI in Box 14 represents any employee contributions that have been withheld for this insurance during the tax year.
It’s important to refer to your state’s specific guidelines regarding Family Leave Insurance because the rules and programs can vary widely from one state to another. If you’re unsure about the specifics, you may want to consult with a tax professional or contact the payroll department of your employer for further clarification.