What do the letter codes in box 12 of my W-2 mean? - Intuit
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 W-2 box 12 codes and instructions - H&R Block
The W-2 box 12 codes provide more information to the IRS and determine if the amount is taxable income. However, if any amount is gross income, it’s already included in W-2 box 1. It also shows important information like earnings, retirement plan contributions, employer contributions to health insurance, and other benefits like group term ...
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Box 12 W2 Codes: Understanding Their Tax Impact
2025年1月14日 · Box 12 on the W-2 form is used to report specific types of compensation and deductions that can impact an individual’s tax return. It contains various letter codes that identify different financial activities, such as retirement plan contributions and health insurance premiums.
An employer used Codes K, V and Y for amounts in W-2 Box 14 ... - Intuit
2019年6月4日 · Per IRS, the information that your employer lists in Box 14 of your W-2 does not usually affect your income tax return. Employers can put just about anything in box 14; it's a catch-all for items that don't have their own dedicated box on the W-2. In TurboTax, enter the description from your W-2's box 14 on the first field in the row.
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