WebMar 4, 2024 · One particularly detailed area is box 12. On the W-2 form, box 12 has a number of sub-categories ranging from A to HH. Long story short, the W-2 box 12 codes provide more information and determine if the amount is income for income tax reporting. However, if any amount is gross income, it’s already included in W-2 Box 1. WebW-2 Code: Description of W-2 Box 12 Code: Code A: Uncollected social security or RRTA tax on tips: Code B: Uncollected Medicare tax on tips: Code C: Taxable cost of group-term life insurance over $50,000: Code D: Elective deferrals under a section 401(k) cash or deferred arrangement (plan) Code E: Elective deferrals under a section 403(b ...
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WebBox 12 Code. Description. A. Uncollected social security or RRTA tax on tips. B. Uncollected Medicare tax on tips (but not Additional Medicare Tax) C. Taxable cost of … WebJan 13, 2024 · Box 12 amounts with the code DD signify the total cost of what you and your employer paid for your employer-sponsored health coverage plan.. Code DD amounts … how to charge xbox one controller battery
What the Form W-2 Box 12 Codes Mean H&R Block
WebThis code refers to the aggregated deferrals collected under section 83(i) elections. It is calculated based on the close of the calendar year. How to Fill Out Box 12 on a W2. When an employer gives you a W2, it will have … WebSee the TIP above Code D under Box 12—Codes. You may also report certain make-up amounts in box 14. See Box 14—Other in Specific Instructions for Form W-2. Instead of … WebNov 21, 2024 · No headers. Lines a, b, c, and d of Box 12 on Form W-2 contain miscellaneous additional compensation and benefits, each identified with a letter code. List of Box 12 Codes. A and B: Uncollected social security and Medicare tax on tips. This amount represents the social security and Medicare tax on the tips you reported to your … michele tafoya on the view video