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What is code DD in Box 12 of my 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.

The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee's Form W-2, Wage and Tax Statement, in Box 12, using Code DD.

What is code DD in Box 12 of my 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.

Employers that are subject to this requirement should report the value of the health care coverage in Box 12 of the Form W-2, with Code DD to identify the amount. There is no reporting on the Form W-3 of the total of these amounts for all the employer's employees.

Many employers are required to report the cost of an employee's health care benefits in Box 12 of Form W-2, using Code DD to identify the amount. This amount is reported for informational purposes only and is NOT taxable.

What is Being Reported on Form W-2 Box 12 Code DD? Employees may receive a Form W-2 with an amount reported in Box 12 with Code DD. But fear not this amount is simply the total cost of the employee's health insurance coverage paid by both the employee and the employer, and it is not taxable.

What is Being Reported on Form W-2 Box 12 Code DD? Employees may receive a Form W-2 with an amount reported in Box 12 with Code DD. But fear not this amount is simply the total cost of the employee's health insurance coverage paid by both the employee and the employer, and it is not taxable.

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.

Box 12DD: This is the total cost of the employer sponsored health coverage you received during the year in box 12 under code DD. This figure includes both the employee and employer paid shares of health insurance premiums and is for informational purposes only.

The W-2 has several boxes. Box 1 lists the compensation paid to you from the deferred compensation plan. Boxes 2, 3 and 4 list the amount of federal, Social Security wages and Social Security taxes withheld from the compensation. Add the W-2 income from your deferred compensation with any other W-2 income you have.

July 2010) (Learn how and when to remove this template message) Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a later date after which the income was earned. Examples of deferred compensation include pensions, retirement plans, and employee stock options.

The W2 Box 12 codes are: A Uncollected Social Security or RRTA tax on tips. ... C Taxable costs of group-term life insurance over $50,000 (included in W-2 boxes 1,3 (up to Social Security wages base), and box 5. D Elective deferral under a 401(k) cash or arrangement plan.

Form W-2, Box 13 You should check the retirement plan box if an employee was an active participant for any part of the year in: a qualified pension, profit-sharing, or stock-bonus plan under Internal Revenue Code Section 401(a) (including a 401(k) plan). an annuity plan under IRC Section 403(a).

How deferred compensation is taxed. Generally speaking, the tax treatment of deferred compensation is simple: Employees pay taxes on the money when they receive it, not necessarily when they earn it. ... The year you receive your deferred money, you'll be taxed on $200,000 in income 10 years' worth of $20,000 deferrals.

Use Schedule K-1 to report a beneficiary's share of the estate's or trust's income, credits, deductions, etc. on your Form 1040, U.S. Individual Income Tax Return. ... Don't file it with your tax return, unless backup withholding was reported in box 13, code B.