What is 12a DD on W-2?

What is 12a DD on W-2?

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. Hope this helps and thank you for using TurboTax!

What are boxes 12a 12b and 12c on W-2?

Your W-2 has four Box 12 lines, labeled 12a, 12b, 12c, and 12d. These lower-case letters are just line labels and have no meaning. Also, Box 12 usually has “See instructions for box 12” or “See instrs for box 12”. Please ignore – that’s intended for your payroll department.

What do you put in box 12a?

So, if your box 12a has the letter code D in it, select D (not A) from the drop-down list. And if 12a is blank, leave it blank — don’t select A. To enter multiple box 12 amounts in TurboTax Online, select +Add another row. In the software, additional box 12 lines will appear when the preceding lines are full.

What does the DD mean on line 12A on W2?

What does 12a mean on tax return? Line 12a reports the total amount of the distribution and line 12b reports the taxable portion, if any. 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.

What does DD mean on W2 in Box 12?

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. Nevertheless, you should enter the Code DD and the amount of your employer-sponsored health coverage plan if you see it on your W-2.

What does 12 DD mean on W2?

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. The amount reported with Code DD is not taxable, but neither can it be claimed as a tax deduction (medical expense) by an individual taxpayer.

Is line 12A code DD taxable on my W2?

You are correct that an amount listed in Box 12 as Code DD is not taxable. This amount represents health insurance premiums paid through the employer which are non-taxable fringe benefits. In order to accurately file your return, you will need to contact the employer and have them issue a corrected Form W-2 with the proper amount of wages in Box 1.