WebJun 21, 2024 · It’s also used to report any federal, state, or local taxes withheld from employee paychecks. One aspect of Form W-2 that requires attention is code DD in box 12. This code indicates the amount of money spent by an employer on health coverage for the employee and their dependents. Knowing this information helps taxpayers accurately … WebEmployer contributions ( including amounts the employee elected to contribute using a section 125 (cafeteria plan) to your health savings account. Y. Deferrals under a section …
What do the codes mean in Box 12 of my W-2? – Support
Webdetailed on he t W-2 form for tax filing s i incorrect, please contact Payroll Operations. When applicable, a corrected form, a W-2C form, with the necessary corrections will be created for ... Box 11: Nonqualified Plans N/A Box 12: C: Group Term Life Insurance Premium > $50,000 coverage This amount is included in Boxes 1, 3, and 5. WebBox 14 W-2 form overview What is form W-2? Form W-2 is a statement used to report an employee’s wage and tax information. It’s an important part of payroll and employee document management. If an employee performs at least $600 worth of work for an employer or had income, Social Security and Medicare tax withheld from their pay, then … ashley kansas documentary
What Do the Form W-2, Box 12 Codes Mean? - Wikiaccounting
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 … WebSpecific Instructions for Form W-3c. Form W-2 Reference Guide for Box 12 Codes . Form W-2 Box 13 Retirement Plan Checkbox Decision Chart. Nonqualified Deferred … WebFeb 15, 2024 · Employee Tax Expert. January 20, 2024 7:12 AM. Yes, you use all the original W-2 figures that were not changed, then enter the corrected figures in the boxes … ashley kember