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5 Ιουν 2024 · If you are not familiar with Box 12, there are currently 26 codes to report certain compensation and benefit amounts. The codes range from life insurance coverage to the amount you contributed to an employee’s adoption expenses.
The UPPER-CASE (capital) letters in box 12 report different things to the IRS. 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
Each W-2 Form box 12 code is either a single or double letter code. It’s important to understand the instructions for box 12 on the IRS form W-2 whether you are doing taxes yourself or getting help from a tax pro. The W-2 box 12 codes are: A – Uncollected Social Security tax or Railroad Retirement Tax Act (RRTA) tax on tips.
15 Νοε 2024 · Each W-2 Form Box 12 code is either a single or double letter code. The codes range from A to HH. Box 12 is divided into four parts: 12a, 12b, 12c, and 12d. Each line (12a, 12b, 12c, 12d) is used to report different codes and their corresponding amounts on Form W-2.
23 Ιαν 2024 · Box 12 on your W-2 form reports several different types of compensation and benefits. If applicable, this box will indicate a single or double letter code followed by a dollar amount. Here’s what those codes mean:
According to the W-2 instructions from the IRS, the following list explains the codes shown in box 12 on the W-2: 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. Employer contributions to your Archer MSA.
Box 12 will report a single letter or double letter code followed by a dollar amount. The following list explains the codes shown in Box 12 of Form W-2. You may need this information to complete the tax return.
