Box 12: Box 12 has four individual spaces labeled 12a, 12b, 12c, and 12d. There is no official title. According to the instructions, these fields are for different codes. An employer may need to use more than one of the boxes. 12a reflects uncollected social security or RRTA tax on to...
Include the distribution amounts in Box 1, too. W-2 Box 12: Codes There are several W-2 Box 12 codes you may need to put on an employee’s Form W-2. If applicable, add the codes and amounts in Box 12. These codes and values may lower the employee’s taxable wages. Let’s sa...
Box 1:Shows your total taxable wages, tips, prizes, and other compensation for the year, minus certain elective deferrals, such as 401(k) plans, pretax benefits, and payroll deductions. The number from box 1, your income, is reported on line 7 of your Form 1040. Box 2:Reports the tot...
As of 2024, there is a new code II for Medicaid waiver payments excluded from gross employee income and a new code II for box 12 used to report Medicaid waiver payments that were not included in box 1. The detailed instructions for each code are available on the IRS website. Box 13 —...
Box 12See instructions for Box 12Fill in the items in this box as described below. Report only items that are included in the list below. Note:Make sure that the Retirement plan checkbox in box 13 is marked if you’ve entered any of the following codes in box 12: D, E, F, H, an...
Box 12See instructions for Box 12Fill in the items in this box as described below. Report only items that are included in the list below. Note:Make sure that the Retirement plan checkbox in box 13 is marked if you’ve entered any of the following codes in box 12: D, E, F, H, an...
Box 12:Shows other types of compensation or reductions from taxable income and a single or double letter code for each. It might include contributions to a401(k) plan. Codes are detailed in theIRS' W-2 instructions. Box 13:This box has three sub-boxes designed to report pay not subject ...
Box 11 – Nonqualified Plans If you received distributions from a non-qualifieddeferred compensationplan, this information is reported in Box 11. Box 12 – Codes If you received other types of compensation or reductions to yourtaxable income, the amount will be reported in Box 12 along the app...
The amount of the health care coverage can be reported in Box 12 of the Form W-2, with Code DD to identify the amount. Prints W2 Forms on 4-Up Perforated Paper This feature is very important to employers who have a large number of employees and want to create professional-looking W2 ...
In Box 12, provide for any deferred compensation information. Usually, there are instructions for filling out the W-2 form along with the document. There is an explanation for each code in this box. You may also need extra information to complete the deferral tax returns. ...