Get OH W-2Report 2013

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 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 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.

Unfortunately, the answer to your question is no. 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.

Hello - Code DD in Box 12 is the cost that your employer paid for your Health Insurance. It is informational but it is not included in your tax filing. You can enter it in the W-2 Box 12 drop down menu - it is found after z.

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.

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.

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.

The W2 boxes and codes show the wages you've earned and any taxes paid through withholding. ... Box 2 Shows the total federal income tax that was withheld from your paycheck for the year. Include this amount on the federal income tax withheld line of your return (Form 1040, line 16).

Each W2 Form box 12 code is either a single or double letter code. The W2 Box 12 codes are: ... 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.

Box 1 "Wages, tips, other compensation": This is federal, taxable income for payments in the calendar year. The amount is calculated as YTD earnings minus pre- tax retirement and pre-tax benefit deductions plus taxable benefits (i.e., certain educational benefits).

When you receive your IRS W-2 form each year from your employer, box 2, "Federal income tax withheld," shows the amount of tax money your employer deducted from your pay and sent to the IRS to cover the income taxes you owe.

Box 1: Wages, Tips, and Other Compensation - The gross taxable wage amount your employer paid you. ... Box 3: Social Security Wages - The amount of earnings your employers paid, not including tips, that is subject to Social Security tax.

Box 1 shows your total taxable wages, tips, prizes and other compensation, as well as any taxable fringe benefits. It does not include elective deferrals to retirement plans, pretax benefits or payroll deductions. ... Box 2 reports the total amount of federal income taxes withheld from your pay during the year.