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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.

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.

Code W in box 12 of my W2. The amount with code "W" in box 12 of your W-2 is the sum of the amounts that your employer contributed to your HSA AND that you contributed through a payroll deduction scheme.

C Employers can provide employees with up to $50,000 in group term life insurance as a tax-free employee benefit. If your employer provides coverage in excess of $50,000, you must pay tax on the value of the excess coverage. Code C reports this amount, which is included in the taxable wages reported in Box 1.

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.