What do I put for box 12a mean on W-2?
Emily Baldwin The W-2 box 12 codes are:
- A — Uncollected Social Security or RRTA tax on tips.
- B — Uncollected Medicare tax on tips.
- C — Taxable costs of group-term life insurance over $50,000 (included in W-2 boxes 1,3 (up to Social Security wages base), and box 5).
What does 12b DD mean on W-2?
Box 12 with code DD of the W-2 is the amount that your company paid for health care that it provided for you. You report the amount but it will not have any affect on your tax return.
Where is HSA contribution on W-2?
box 12
To report your HSA contributions on your tax return, you will need a copy of your W-2 for the total pretax contributions made by you through payroll or by your employer. This can be found in box 12, code W of your W-2. If you made after-tax contributions in 2020 for 2020, please see your December HSA Statement.
What do the letter codes in Box 12 of my W-2 mean?
These are the letter codes you’ll need to enter into TurboTax. The lines labeled 12a, 12b, 12c, and 12d (sometimes listed as 12a-d) on your W-2 are just line labels, not codes. Don’t enter these line labels. For example, if you see “D” on line 12a, enter “D” in TurboTax, not “a”. And if line 12a is blank, don’t enter anything.
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 are the lines on the W-2 tax return?
The lines labeled 12a, 12b, 12c, and 12d (sometimes listed as 12a-d) on your W-2 are just line labels, not codes. Don’t enter these line labels. For example, if you see “D” on line 12a, enter “D” in TurboTax, not “a”.
What does the uppercase code on Box 12 stand for?
Each amount entered in Box 12 has an uppercase code that stands for something. If you’re using tax preparation software from a company like H&R Block, the software prompts you to enter any amounts found in Box 12.
