What does line 12 on my w2 mean

what does line 12 on my w2 mean

What do the W-2 Boxes and W-2 Form Codes mean?

Jun 14, If you have an amount listed on your W-2 Box 12, it could be one of several things. The W-2 Box 12 codes provide more information and determine if the amount is income. However, if any amount is gross income, its already included in W-2 Box 1. Each W2 Form box 12 code is either a single or double letter code. Form W-2 Box 12 Codes. These are the uppercase codes you might see in Box 12 of your W-2, as well as what each of them means. A. Any uncollected Social Security tax or Railroad Retirement Tax Act (RRTA) tax on tips. Include this amount in your total tax liability on Schedule 2, which you file with your Form B. Any uncollected Medicare tax on ctcwd.comted Reading Time: 4 mins.

Elective deferrals to a section k cash or deferred arrangement. Elective deferrals and employer contributions including non-elective deferrals to a section b deferred compensation plan. Excludable moving expense reimbursements paid directly to member of US Armed Forces for military orders not included in boxes 1, 3, or 5. Income from exercise of non-statutory stock option s included in boxes 1, 3 up to social security wage baseand 5.

Employer contributions including amounts the employee elected to contribute using a section cafeteria plan to your health savings account. Income under section A how to fix a bissell carpet cleaner a nonqualified deferred compensation plan. This amount is also included in box 1. Designated Roth contributions under a governmental section b plan. This amount does not apply to contributions under a tax-exempt organization section b plan.

Also see: How do I report more than 4 Box 12 entries on my W-2? TaxSlayer Support. S Employee salary reduction contributions under a section p SIMPLE plan not included in box 1 T Adoption benefits not included in box 1 V Income from exercise of non-statutory stock option s included in boxes 1, 3 up to social security wage baseand 5 W Employer contributions including amounts the employee elected to contribute using a section cafeteria plan to your health savings account Y Deferrals under a section A nonqualified deferred compensation plan Z Income under section A on a nonqualified deferred compensation plan.

FF Permitted benefits under a qualified small employer health reimbursement arrangement. GG Income from qualified equity grants under section 83 i HH Aggregate deferrals under section 83 i elections as of the close of the calendar year. Aggregate deferrals under section 83 i elections as of the close of the calendar year.

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There are several types of compensation and benefits that can be reported in Box 12 of Form W Box 12 will report a single letter or double letter code followed by a dollar amount. The following list explains the codes shown in Box 12 of Form W You may need this . Jun 14, Box 12 Various Form W-2 Codes on Box 12 that reflect different types of compensation or benefits. A Uncollected Social Security or RRTA tax on tips. Include this tax on Form B Uncollected Medicare tax on tips. Include this tax on Form Estimated Reading Time: 6 mins. May 30, The amount with code "W" in box 12 in your W-2 is the sum of the contributions your employer made and that you made through a payroll deduction scheme. However, the IRS, by default, assumes that these contributions are taxable until you complete the form In TurboTax Deluxe, you enter the data to complete form by going to Federal Taxes->Deductions & Credits Estimated Reading Time: 7 mins.

These instructions are not official IRS tax form instructions. They are for Free File Fillable Forms only. They explain how to use the most common Free File Fillable Forms, line by line. Although this program supports many forms and schedules, only the most frequently used forms and schedules are listed in these Line-by-Line instructions. To use the instructions for tax year , click on a form number below and find help line by line. If your form is not listed, review the Supplemental Forms Assistance page.

After viewing the Form Line-by-Line instructions, if your question is not answered you may contact us , only if you are using the Free File Fillable Forms program.

This form will not transmit with your return. Print this form and mail in your payments. You may contact us , only if you are using the Free File Fillable Forms program. After viewing, if the Form R Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program. This is the only form you'll need to transcribe into the program. If you have another type of 's, read STEP 2 section 1 about entering federal withholding from those documents.

Box 7 has two menus for selecting distribution code s and a checkbox. The entry area will allow you to enter no more than a two-character code. The code you enter into box 7 must comply with the Form R instructions, beginning on page If your paper R has more than two characters in box 7 and you cannot determine what character s to enter, you may need to contact the payer for the code.

After viewing the Schedule 1 Line-by-Line instructions, if your question is not answered you may contact us , only if you are using the Free File Fillable Forms program.

After viewing the Schedule 2 Line-by-Line instructions, if your question is not answered you may contact us , only if you are using the Free File Fillable Forms program.

After viewing the Schedule 3 Line-by-Line instructions, if your question is not answered you may contact us , only if you are using the Free File Fillable Forms program. After viewing, if Schedule B Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program.

After viewing, if Schedule C Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program.

After viewing, if Schedule D Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program. After viewing, if Schedule E Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program.

This form has limitations you should view. After viewing, if Schedule F Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program.

After viewing, if Schedule H Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program. After viewing, if Schedule SE Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program. There is a Taxpayer and a Spouse version of this form. Make sure you select the correct version, otherwise the name and SSN on the form will not be correct and any figures that should transfer will not be correct.

After viewing, if Form Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program. Lines A, B and C are manual entries in columns l through t. If you need to enter this information, you must print and mail in the return. If the form instructions indicate you are not required to complete Form , you will not be able to e-file with Form attach and have your return accepted.

However, Free File Fillable Forms does not support attaching such statements to your return; therefore, you cannot select Box A or Box B and have your transmitted tax return accepted. If you enter an amount on line 17, that figure will transfer to Form , line However, as explained earlier, Box B requires you to attach a statement to the return, explaining the waiver request and Free File Fillable Forms does not support attaching such documents.

Caution - You should not have figures on line 30 and 31 for the same student. You cannot apply for both credits for the same student in the same year. After viewing, if Form W-2 Line-by-Line instructions do not answer your question s , you may contact us , only if you are using the Free File Fillable Forms program.

Transfer all the information from your paper W If you do not enter information into the "required" fields, your return will reject. More In File. Page Last Reviewed or Updated: Apr Share Facebook Twitter Linkedin Print. The only form you'll need to transcribe into the program is Form R. If you have another type of , read STEP 2 Section 1 and Section 2B about entering federal withholding from another type of document.

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