Get W2 Box 12 Codes

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)

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.

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).

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.

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.

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.

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.

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.