Search results
The UPPER-CASE (capital) letters in box 12 report different things to the IRS. Here's a list of what each one means. 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
- Form 8962
If your refund or balance due has changed, print Form 1040:...
- What Do All The Codes in Box 7 of The 1099-R Mean
The code(s) in Box 7 of your Form 1099-R helps identify the...
- Cryptocurrency Guide
How is cryptocurrency taxed? Note: In this section, for...
- Software and Licenses
TURBOTAX ONLINE GUARANTEES. TurboTax Individual Returns:...
- Form 8962
The W-2 box 12 codes are: A – Uncollected Social Security tax or Railroad Retirement Tax Act (RRTA) tax on tips. Include this tax on Form 1040 Schedule 2, line 13
5 cze 2024 · You might need to use Form W-2 Box 12 codes to accurately fill out Form W-2. If you are not familiar with Box 12, there are currently 26 codes to report certain compensation and benefit amounts. The codes range from life insurance coverage to the amount you contributed to an employee’s adoption expenses.
29 mar 2024 · Understanding Box 12 Codes and Their Impact on Taxable Income: Box 12 of your W-2, ranging from codes A to HH, includes diverse types of compensation and deductions, which can significantly impact your taxable income, and for more details, one should see Form 1040 instructions.
23 sty 2024 · Box 12 on your W-2 form reports several different types of compensation and benefits. If applicable, this box will indicate a single or double letter code followed by a dollar amount. Here’s what those codes mean:
The codes in W2 Box 12 range from reporting contributions to retirement plans, uncollected taxes on tips, and the cost of employer-provided life insurance, among others. Each of these codes plays a significant role in how your overall income is calculated and how much tax you ultimately owe.
Form W-2 Box 12 Codes. There are several types of compensation and benefits that can be reported in Box 12 of Form W-2. 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-2.
