What does 12c mean on W2?
| Box 12 Code | Description |
|---|---|
| B | Uncollected Medicare tax on tips |
| C | Taxable cost of group-term life insurance over $50,000 |
| D | Elective deferrals to a section 401(k) cash or deferred arrangement. Also includes deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement |
What is Item 12b on W2?
B: Uncollected Medicare tax on tips reported to your employer (but not Additional Medicare Tax) BB: Designated Roth contributions under a section 403(b) plan. C: Taxable cost of group-term life insurance over $50,000. D : Contributions to your 401(k) plan.
What does 12a DD mean on W2?
health coverage plan
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 are for informational purposes only — they don’t affect the numbers in your tax return.
What to put for Box 12 on a W-2?
The letter code and the amount. On my w-2 it only says see instructions for box 12. On your W-2, you have boxes 12a, 12b, 12c, and 12d, all of whom are generically referred to as “box 12”.
What are the codes for Box 12 on the tax form?
Some of the most common ones are Code D for contributions to a 401 (k) plan and Code DD for the cost of employer-sponsored health care. If your Box 12 has any strange codes or you don’t know why your employer reported certain amounts, check with your payroll department.
What to do if box 12A is blank?
So, if your box 12a has the letter code D in it, select D (not A) from the drop-down list. And if 12a is blank, leave it blank — don’t select A.
What does box 12-W in HSA mean?
Box 12-W is the sum of the amounts that your employer contributed to your HSA AND that you contributed through a payroll deduction plan. There is no breakdown of what you contributed and what your employer contributed. **Say “Thanks” by clicking the thumb icon in a post
