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) BB: Designated Roth contributions under a section 403(b) plan.

Do I have to report box 12a on my tax return?

Individuals (employees) do not have to report the cost of coverage under an employer-sponsored group health plan that may be shown on their Form W-2, Wage and Tax Statement, in Box 12, using Code DD. This reporting is for informational purposes only, to show employees the value of their health care benefits.

What does box 12a and 12b mean on W2?

Upper-case (capital) letters in Box 12 stand for different things: • A and B: Uncollected social security and Medicare tax on tips. This. amount represents the social security and Medicare tax on the tips you reported to your employer.

How do you fill out 12a on W2?

So, if your box 12a has the letter code D in it, select D (not A) from the drop-down list. And if 12a is blank, leave it blank — don’t select A. To enter multiple box 12 amounts in TurboTax Online, select +Add another row. In the software, additional box 12 lines will appear when the preceding lines are full.

What do I put for Box 12 on my W-2?

Form W-2 Box 12 Codes

1. A. Any uncollected Social Security tax or Railroad Retirement Tax Act (RRTA) tax on tips.
2. B. Any uncollected Medicare tax on tips.
3. C. If you had group term life insurance through your workplace, the premiums for any value over $50,000 become taxable income to you and are included here.
4. D.
5. E.
6. F.
7. G.
8. H.

What if Box 12 on W-2 is blank?

If Box 12 on your W-2 is empty, don’t enter anything for Box 12. If you have more than one item showing for Box 12 on your W-2, enter each item on a separate line.

Is code DD on W-2 deductible?

The amount shown on your W-2, Box 12, using Code DD, represents the of the cost of pre-tax employer-sponsored health coverage, and is for your information only. The amount reported with Code DD is not taxable, but neither can it be claimed as a tax deduction (medical expense) by an individual taxpayer.

What is code DD on W-2?

Box 12 amounts with the code DD signify the total cost of what you and your employer paid for your employer-sponsored health coverage plan. Code DD amounts are for informational purposes only — they don’t affect the numbers in your tax return.

What do I put for Box 12 on my w2?

What if there is no letter code in box 12?

Any amount on a Box 12 line will also have an upper-case (capital) letter code associated with it. (If there aren’t any capital letter codes in Box 12, skip it and move on to Box 13.). If box 12 on your w-2 is blank, leave it blank in the Turbotax data entry form.

What is the code for W2 box 12?

W2, box 12, code DD tells how much your employer-sponsored health insurance plan costs. It’s not taxable, but it is good intel for employees.

Do you have to report employer health plan on Form W-2?

Individuals (employees) do not have to report the cost of coverage under an employer-sponsored group health plan that may be shown on their Form W-2, Wage and Tax Statement, in Box 12, using Code DD.

What are the lines on the W-2 tax return?

The lines labeled 12a, 12b, 12c, and 12d (sometimes listed as 12a-d) on your W-2 are just line labels, not codes. Don’t enter these line labels. For example, if you see “D” on line 12a, enter “D” in TurboTax, not “a”.

What do you need to know about box 12?

The following list explains the codes shown in box 12. You may need this information to complete your tax return.