Section 12 Of W2

Elective deferrals and employer contributions including nonelective deferrals to a section 457 b deferred compensation plan.

Section 12 of w2. Each amount entered in box 12 has an uppercase code that stands for something. If more than four items need to be reported in box 12 use a separate form w 2 to report the additional items but enter no more than four items on each copy a form w 2. Since there are four parts of box 12 on form w 2 12a 12b 12c and 12d you can put up to four codes and amounts on the w 2.

If you need to report more than four you will need an additional form w 2. Include this tax on form 1040 schedule 4 line 58. B uncollected medicare tax on tips.

Elective deferrals under a section 408 k 6 salary reduction sep. Elective deferrals to a section 501 c 18 d tax exempt organization. Section 457 b plan or b included in box 3 and or 5 if it is a prior year deferral under a nonqualified or section 457 b plan that became taxable form w 2.

The code and the corresponding amount must go in box 12. Each w2 form box 12 code is either a single or double letter code. The w 2 you got from your employer will have four lines for box 12 labeled 12a 12b 12c and 12d.

If either you or your employer made contributions to your hsa as the copy printed at home would seem to indicate then the w 2 that you received in the mail is incorrect. Form w 2 box 12 codes. Any amount on a box 12 line will also have an upper case capital letter code associated with it.

Box 12 is highlighted in the form w 2 below courtesy of the irs. Your w 2 has four sections in box 12 labeled 12a 12b 12c and 12d. The w2 box 12 codes are.