Alternatively, you can click box 12 in the W-2 to manually override the amount when preparing the form. I'm also providing this handy article to help you rectify inconsistencies on your W-2: Fix an incorrect W-2 and W-3. Additionally, check ou...
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 12 — Codes Include up to 4codeson a single W-2 form. For more codes, you’ll need another W-2 form. Put code on the left of the line, and the amount on the right. The code letter does not relate at all to the box’s letter in Form W-2. For example, you can insert ...
The article reports on the new code for stock options form W-2 issued by the U.S. Internal Revenue Service (IRS). The IRS has announced that employers will use a new code in box 12 of the 2001 form W-2. Box 12 states the amount of benefits includable as wages on which the ...
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...
Entering amounts for non-qualified employees will cause inaccurate reporting on your W-3. Code DD Employer sponsored health coverage Code EE Designated Roth contributions under a governmental section 457(b) plan. Code FF A new box 12 Code FF has been added to the W-2 statement to report ...
Code EEDesignated Roth contributions under a governmental section 457(b) plan. Code FFA new box 12 Code FF has been added to the W-2 statement to report the total amount of permitted benefits under a qualified small employer health reimbursement arrangement (QSEHRA). These new QSEHRAs allow ...
W-2 Box 12 Codes Box 12 contains amounts and a variety of codes for certain deferred compensation and other compensation or benefits, but do not be surprised if yours is blank. Some of the most common box 12 codes are: A: Uncollected Social Security or RRTA tax on tips ...
Box LabelBalanceAdditional Info Varies W2 BOX 14A The label for this box depends on the value you provide in the W2 Box 14A lookup code Meaning of the ORA_HRX_US_W2_BOX_14_USER_DFND lookup type. Note: This box has a 15-character limit. If you're exporting your payroll data to ADP...
Box 12 on your W-2 form shows various types of compensation and benefits. If applicable, this box will indicate a single or double-letter code followed by a dollar amount. We have a helpfultable of all W-2 Box 12 letter codes here. ...