Get W2 Box 12 Codes

If you find that there is no code in box 12 of your W-2 form, it typically means that there are no special benefits or deductions to report for the tax year. This can be common, especially for employees who do not have specific contributions to retirement plans or other taxable benefits that require reporting. However, it’s important to review your wage and tax information thoroughly to ensure you capture everything necessary for your tax return. Using resources like the US Legal platform can help clarify any complexities you may encounter with W2 Box 12 Codes.

Your W-2 has four Box 12 lines, labeled 12a, 12b, 12c, and 12d. These lower-case letters are just line labels and have no meaning.

Your W-2 has four Box 12 lines, labeled 12a, 12b, 12c, and 12d. These lower-case letters are just line labels and have no meaning. Also, Box 12 usually has “See instructions for box 12” or “See instrs for box 12”. Please ignore – that's intended for your payroll department.

C. Taxable cost of group-term life insurance over $50,000. If you provide group-term life insurance coverage over $50,000, you will enter C in Box 12, as well as Boxes 1, 3, and 5. For the amount you need to enter, consult the IRS.

Health Insurance Cost on W-2 - Code DD Many employers are required to report the cost of an employee's health care benefits in Box 12 of Form W-2, using Code DD to identify the amount. This amount is reported for informational purposes only and is NOT taxable.

See inst. for box 12: The total amount of executive life insurance, 403(b) or 457(b) contributions, and excludable moving expenses. Code C: Executive life insurance.

Code V in box 12 of the W-2 indicates income from the exercise of non-statutory stock options. Per IRS General Instructions for Forms W-2 and W-3: "Code V—Income from the exercise of nonstatutory stock option(s).

Line 14A - Net Earnings (Loss) from Self-Employment - Amounts reported in Box 14, Code A represent the amount of net earnings from self-employment. For Limited Partners this amount generally includes any guaranteed payments received for services rendered to or on behalf of the partnership.

Here's a list of what each one means. Box 12 codes. A: Uncollected social security or RRTA tax on tips reported to your employer. AA: Designated Roth contributions under a section 401(k) plan. B: Uncollected Medicare tax on tips reported to your employer (but not Additional Medicare Tax)