WebBox 12—Codes. Code A—Uncollected social security or RRTA tax on tips. Code B—Uncollected Medicare tax on tips. Code C—Taxable cost of group-term life insurance over $50,000. Codes D through H, S, Y, AA, BB, and EE. Code D—Elective deferrals under a section 401 (k) cash or deferred arrangement (plan). WebJun 4, 2024 · June 4, 2024 12:35 PM It does not directly impact your taxes. It is not taxable income. The amount in DD is the amount paid for health insurance by you and your employer throughout the year and is included for informational purposes only.
W-2, Box 12 - Codes - Wolters Kluwer
WebMar 29, 2024 · This best and cheapest tax software comparison review has been updated for 2024 tax filing (for 2024 tax year returns). The tax season start date will soon arrive and …. [Continue Reading...] I’m Giving Away Ten $200 H&R Block Credits to Readers this Week! Comment by Sunday 3/5/23. Last updated: March 5, 2024. Web12/12 W-2 case study John is a single man who has health insurance through his employer, Acme Company. John’s premium is $350 per month. He pays 50 percent of his premium and Acme pays 50 percent. On Feb. 14, John married his co-worker Julie, and she is now covered under his health plan effective April 1. The premium rises to $700. On … ikea micke white modern computer desk
What Is Code Dd In Box 12 Of My Form W-2? (Ultimate Guide)
WebBox 12 — Various Form W-2 codes on box 12 reflect different types of compensation or benefits. This is one of the more complex W-2 boxes, with codes ranging from A to HH. Listing each code may lead to more searches. Gain more insight into W-2 box 12 codes. WebDec 20, 2012 · Form W-2 Reporting of Employer-Sponsored Health Coverage Box 12, Code DD. Coverage Type. Report. Do Not Report. Optional. Major medical plan. X ikea micke file cabinet