What is box 12a on W-2?

The W-2 box 12 codes are: A — Uncollected Social Security or RRTA tax on tips. Include this tax on Form 1040 Schedule 2, line 8, check box c and, in the space next to that box, enter the amount of the tax and the code that identifies it, here as “UT”. B — Uncollected Medicare tax on tips.

Are employers required to report HSA on W2?

Short Answer: Both the employer and pre-tax employee HSA contributions made through payroll are reported on the Form W-2 in Box 12 with Code W. Employers must report all employer and employee HSA contributions made through payroll as a single aggregated amount on the employee’s Form W-2 in Box 12 using code W.

Where do you put box 12 on Form W-2?

Form W-2 Box 12 codes: instructions. The code and the corresponding amount must go in Box 12. Since there are four parts of Box 12 on Form W-2 (12a, 12b, 12c, and 12d), you can put up to four codes and amounts on the W-2. If you need to report more than four, you will need an additional Form W-2.

How much is W2 box 12, code DD?

In box 12a on his W-2 with the code DD, is the whopping amount of $17,108.00! That means his company is paying a difference of $13,214.00 per year or $254.12 per week for the remainder of our health insurance premiums.

What does the number 12 mean on a W-2?

In this case, if the “DD” amount at box 12 is the only correction, the good news is that it won’t change your tax picture. The numbers labeled “DD” simply indicate the amount of employer-provided healthcare. Your employer is required to report this amount but it is not taxable.

What is the code on my W2 for my employer contribution?

It may be for both contributions made by you and your employer: W-2 box 12 code W reports both your and your employer’s contribution to your Health Savings Account (HSA). W-2 box 12 code DD indicates the total cost of what you and your employer paid for your employer-sponsored health coverage plan.