W2 box meanings. Example of the noun: I put the cat in the box.

W2 box meanings Taxable cost of group-term life insurance over $50,000 (included in boxes 1, 3 (up to social security wage base, and 5) D. You may have multiple state W-2 forms if you worked in other states during the year. Boxes 15-20 focus on state and local tax information: Box 15: State and employer's state ID number. It’s used to record various types of income, including taxable amounts that are declared as wages in other sections of the form and non-taxable amounts to report only. Code UH: Mandatory Paid Expanded Family and Medical Leave – Expanded family and medical leave paid under the Families First Coronavirus Response Act. Don't enter a 0 for any blank boxes. I earned all of my income in MA. The numbered boxes, Boxes 1-20, can get a little more tricky. ‎June 1, 2019 10:33 AM. This means that it is possible that other employers might use a different code than COPL for this purpose. Compare the best tax software of 2025. [1] Employers Box 1 - Wages, tips, and other compensation (for Federal Income Tax): 75,000. This number forms the basis for determining your AGI. This does not include elective deferrals to retirement plans, pre-tax benefits, or payroll deductions. Box 12 "Box 12 Codes": The following codes are applicable to American University: Here's a couple of work-arounds that will give you the same result for the IRS. 00. Extension of time to furnish Forms W-2 to Box 14 W-2 form overview What is form W-2? Form W-2 is a statement used to report an employee’s wage and tax information. Each W-2 Form box 12 code is either a single or double letter code. Box 12 Codes on Form W-2: Understanding Form W-2 Box 12 Code Meanings. 14 (on my W-2). Penalties. Features: Box 1: Box 1 contains the following; Employee tipsEmployee wages Employee prices Yearly compensation: Box 2: Box 2 comprises the following terms; Total federal income tax Paycheck for the tax year Line of your return: Box 3: Box 3 shows the following stuff; Social Security Tax Your employee compensation: Box 4 Box d: Control number. Exempt earnings that show in box 14 of my w2. In order to transfer the local information correctly in ProSeries, specific abbreviations are needed for Box 20. Box 16: State wages. 2. This is a reasonably explainable change to the W2-G should the IRS question. This box can include various codes and corresponding amounts. Box 12 is further divided into four sections, 12a—12d. Coding CTPL in Box 14 of your W-2 represents funding to support the CT Paid Leave program. We'll figure out if it impacts your return or not. Copy Article URL. It is called Oregon Statewide Transit Tax. Enter Box 14 and be sure to select "Pennsylvania Unemployment tax" from the drop-down. , via pre-tax dollars), such as: code K (non-taxable dental/vision deductions); code V (non Amounts are also included in Boxes 1,3, and 5 on your Form W-2. Click View More in the shaded box on that screen for additional guidance. If this box is checked, it lets the recipient know that depending on their filing status and modified adjusted gross income, they may not be entitled There is a category for it in TurboTax, in the Tax Category column in the Box 14 section of the W-2 entry screen in TurboTax. To reflect the code DD on box 12 on the W2 form, you'll have to create a payroll item and select Health Coverage Cost as the Tax Tracking Type. However the worksheet only will allow me to put $0. The information reported there is not automatically used in other parts of your tax return. That includes the numerical names of tax documents. (I am reading this description off the back of my W-2. Reviewed and updated March 3, 2023 Before you can file your taxes, you need some tax statements. Box 16: State wages, tips, etc. Code D – Elective deferral under a Section 401(k) cash or arrangement plan. I'd suggest consulting a tax advisor. Ensure this is correct — an incorrect SSN can delay the processing of W-2 Boxes E and F: Employee’s name, address, and ZIP code. Since, Box 7 is supposed to be an additional income amount. They list identifying information about your business and employee. If the items included in Box 14 exceed the space limit, additional W-2s will print. If Box 1 of your W-2 doesn't match your gross salary or wages from your year-end pay stub, don't panic. So your concern that they may have erroneously treated them as pretax contributions does not seem to apply either. Here's a breakdown of the boxes on the W2 form: Box 1: Wages, tips, and other compensation; Box 2: Federal income tax withheld; Box 3: Social Security wages; Box 4: Social Security tax Hover over the W-2 below to see what each box means. The amount from Box 7 is already included in the Box 1 amount. a. Box 14 in IRS Form W-2 Wage and Tax Statement is a text field which allows your employer to enter any information they choose. Full Service for personal taxes Full Service for business taxes. Do not worry if box d is blank. ORTWG = Oregon Taxable Wages. Basically, we have no idea what category to select for the Nontaxable Insurance. A. Show the spread (that is, the fair market value of stock over the exercise price of option(s) granted to your employee with respect to that stock) from your employee's (or former employee I'll share some insights about the plans that are reported in box 14 of the W2 form in QuickBooks Desktop (QBDT), @KSchadel. Do not put W-2 information in this column. On lines 12a, 12b, 12c, and 12d, employers can enter any of the codes A-II. Box 14 on form W-2 is used for information purposes only. Your name should reflect what The numbered boxes on your W-2 record your wages and taxes withheld from your wages during the year. 00; Box 3 - Social security wages: 80,000. On my W2 in box 14 it lists PASUI. Investing. " Therefore, unlike box 12, which contains a set of codes defined by the IRS, it's likely that you'll encounter Forms W-2 that were issued with codes that aren't available in UltraTax CS. Please read this TurboTax Help topic on Box 14 of Form W-2. 2020 w2 box 12 code D correctly lists my pre tax contributions. If you're exporting your payroll data to ADP, they enforce a My wife's W2 has in box 14 "ORSTTW - $43,980. Here Box 19: Total local, city, and state income taxes withheld. Level 1 ‎03-27-2022 11:29 AM. Box 1 is your total taxable wages including your salary, wages, tips, bonuses, and other taxable compensation. We have provided the most commonly used codes and descriptions for each item in Box 14. Mark Topic as New; Mark Topic as Read; Float this Topic for Current User; Bookmark; Subscribe; Printer Friendly Page; gelicabg. A . US En . Box 11 "Nonqualified plans": This amount is reported in box 1 if it is a distribution made to you from a nonqualified deferred compensation or nongovernmental section 457 plan. • When viewing the W-2 Forms in Self Service, employees have the option to view in two formats: [VIEW W-2 FORM] button: all Box 12 codes will display in Self Service on the View W-2 Form page. Some of the more relevant options in the You need to contact them for any information that is missing since they are who issue the W2. A few examples are state disability insurance taxes withheld and union dues. CASDI: California state disability insurance CAVPDI: California Voluntary Plan for Disability Insurance DI: Disability Insurance FLI: Family Leave Insurance IRC125S: Pre-Tax Benefit Programs (e. Each code used in Box 14 Box 12 is used to record the “other contributions” made employer for each employee. EIN is how the IRS Boxes A-F are straightforward. See the Instructions for Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips. Income from exercise of non-statutory stock option(s) (included in boxes 1, 3 (up to social security wage base), and 5) W. One In the lettered blocks on the top left of the W-2 form, you should find your Social Security Number, name, and unit information. It includes all salary, bonuses, and other taxable income. In TurboTax, enter the description from your W-2's box 14 on the first field in the row. Generally, the Box 14 items of your W-2 are for informational purposes and would not affect your income tax return. Box 12 includes employer contributions to a retirement plan or even amounts under non-taxable income categories. Understanding CTPL’s meaning and its role in Box 14 is crucial for accurate filing. The number next to that notation would then indicate the amount of "compensation" - included in Box 1 - that was generated by the disqualifying disposition. Medicare tax withholding and are included in boxes 1, 3, and 5 (or box 14 for railroad retirement taxes) of Form W-2 and are reported in box 12 using code F (for a SEP) or code S (for a SIMPLE IRA). . It is crucial to review Learn what each box on your W-2 means and how to use it to file your taxes. Box 14 of my 2017 W2 shows "$1212. New Jersey Family Leave Insurance is also included in this box. Learn about various items reported in Box 14 and find out how to request a special W-2 Box for custom communication. Refer to your Master List and Year-To-Date reports. 99 ORTWG 18996. ) If I choose other the refund amt. Starting with the boxes on the left: Box a: Reports your Social Security number (SSN). This makes it impossible Confused by the W-2 form? Our guide explains this vital tax document, how to read it, and why it's essential for a smooth tax season. Some companies put the amount on their W2's and some do not. last updated ‎June 01, 2019 9:39 AM. So, enter OR STT W/H in the first column for box 14, then the amount in second column and choose Oregon Statewide Transit Tax in the third column. I've never had anything in that box, so I don't know how to help. What does NYPFLVP in box 14 on my w2 mean? Yes - that seems right that it is the amount my employer paid on my behalf into that program. Understanding Each Box 8—Allocated tips (not applicable to Forms W-2AS, W-2CM, W-2GU, or W-2VI). United States (English) United States (Spanish) Canada (English) Canada (French) TURBOTAX; Expert does your taxes. The Boxes A-F: The lettered boxes on a W-2 include the name and address of the employee and employer, Social Security number, and employer's EIN and state ID number. Box 14 is a common source of confusion due to its use for miscellaneous reporting. However, I never filed for unemployment. If you're exporting your payroll data to ADP, they enforce a 10-character limit. W-2 Box 12 Labels and Codes Explained. After 2020, I changed to roth 401K contribution, and its W2 box 12 code is AA. Employees submit Form W-4 to their employer to provide information for withholding purposes such as marital status, credits for dependents, and multiple jobs, while W-2 forms are distributed at the end of ever Form W-2, starting with Box 1, lists your total wages, tips, and other compensation for the year. With expert tips on navigating these codes, confidently tackle your tax returns and ensure you're optimizing W-2s and 1099s are both informational returns that taxpayers use to complete their federal tax returns. What is UA and UB in W-2 Box 14? Great source for that and more Comm of Mass ‎June 26, 2022 6:22 PM. Below is an explanation of each: Statutory Employee: If this box is checked, you are treated as Self-Employed for tax purposes and must report your income and expenses on Schedule C. If the amount is reported on the w2 in box 1 (salaries and wages) as well as box 14 (other) and received a 1099-B. If you want Form W-2 explained, dive into each box’s Box 1 shows your taxable income, including wages, salary, tips, and bonuses, while Box 2 shows how much federal income tax your employer withheld from your pay. Section 113 of the SECURE 2. It also reports Social Security tax (a. Put 50% ($1800) in Box 1 and the other 50% ($1800) in Box 7. Each year, the Internal Revenue Service sets a maximum amount of income that is subject to the Social Security tax. File with Jackson Hewitt. However since TurboTax picked it up in box 14 without any code, the system is asking me to select the correct category manually. Put the entire amount in Box 1 and nothing in Box 7. Since there’s no standard list of W2 codes for Box 14, employers can list any description they choose. Hello everyone! It's the first time I'm seeing the box 14 of my W-2 being not empty - it contains "447. These lower-case letters are just line labels and have no meaning. Elective deferrals under a section 401(k) cash or deferred arrangement plan (including a SIMPLE 401(k) arrangement) E. The $2,000 excess contribution isn’t reported in Box 1 of Sally’s 2021 W-2. Still have questions? Questions are answered within a few hours on average. Since Box 14 is generally "memo" information, entering that information using the W-2 interview, or not, typically does not affect your taxes. in Get your taxes done using TurboTax Conversely, Old English box might well reflect a semantic development of box n. MAME is a multi-purpose emulation framework it's purpose is to preserve decades of software history. Box 16 reports the total amount of taxable wages earned in that state. W-2 OverviewEmployers are required to report taxable wages and related compensation, income taxes, and certain payroll deductions to employees, the Internal Revenue Service (IRS), and the state of Minnesota, or one of the other states for which the University withholds tax. For year 2020 and before, I mistakenly made traditional 401K contribution, and its W2 box 12 code is D. You would put in $19 and $18997. – Bubba Kittee. 1 13,103 Reply. Generally box 12 is used to report retirement contributions, HSA contributions, health insurance, etc. For 2019, the taxable wage base limit is $132,900. Instead, the $2,000, along with earnings, is returned to her and I was wondering if code AA to box 12 (401(k) Roth) of the W2 makes any difference to the end numbers? (This is for CA state tax returns, just in case) Topics: TurboTax Online; posted ‎June 1, 2019 9:39 AM. It’s important to understand the instructions for box 12 on the IRS form W-2 whether you are doing taxes yourself or getting help from a tax pro. Information about Form W-2, Wage and Tax Statement, including recent updates, related forms and instructions on how to file. Commented Dec 28, 2021 at 2:29. Do it yourself. See the Instructions for Forms W-2 and W-3 PDF for a complete list of codes. Code 6 for box 14 corresponds with "Other (not classified). Are W2 box 1 & box 3 contributions tax So below I have inserted the Box 14 codes that H&R Block had, with their respective meanings/purposes. Include this tax on What is W2 Box 12? W2 Box 12 is a section on the W2 form where specific types of compensation or benefits provided by the employer are reported. Benefits Program for dependent care. 1 4 18,371 Reply. I don't know what to put in for Box no. As you mentioned in your question, Form W-2 Box 13 has 3 Different "Check Boxes". Her Box 12 coding looks like this: D 21500. See what the Controller's Office of the University of California, San Francisco says: " A Section 125 'cafeteria' plan is so-called because you get to choose your benefits from a menu, like choosing food at a cafeteria. **Say "Thanks" by clicking the thumb icon in a post What is Box 12 on a W-2? Box 12 is a general catch-all for recording various types of income. Here is the pictures of the info. Elective deferrals under a section 403(b) salary reduction agreement. You will need to interpret them to enter them into your return. Turbo tax deducts box 14 from my earnings. 4" CA VPDI. Since $1212. Find out the basics, the codes, and the rates for federal, state, and local taxes. Box 1 does not include any pretax benefits such as contributions to a 401(k) plan, a 403(b) plan, or health insurance. These are just references to organize the space and don't have any significant Box c: Your employer’s address. 76 what do these terms mean? Are the numbers dollar amounts? They are dollar amounts. Is this same as "VPDI" which is listed in the Box-14 category of Turbotax dropdown menu "Wages for SDI, VPDI, TDI, UI, etc"? @wangwei8027 Just enter each W2 separately. Use the Common Lookups task to update the meaning of the corresponding lookup code of the ORA_HRX_US_W2_BOX_14_USER_DFND lookup type. There are several types of compensation and benefits that can be reported in Box 12 of Form W-2. Please know that WA Cares Deduction is not reported in box 14 of the W2 form. Instructions for box 12 on W-2. Contact your employer if incorrect. Amounts are also included in Boxes 1,3, and 5 on your Form W-2. Bookmark Icon. PRETX presumably means Pre Tax. only four Box 12 codes can be printed on a W-2 Form, employees with more than four Box 12 codes will have a second page to their W-2 Form. These abbreviations may not match those printed on the Form W-2 received from the employer. Whether you file on your own or get help from a tax pro, you’ll need your W-2 This box also contains details regarding statutory employee status, meaning that employees pay Social Security and Medicare taxes on their earnings but not federal income taxes. My spouse's W-2 form has the following abbreviations in Box 14: "LST-710501" and "PA UC". Form W2, known officially as the Wage and Tax Statement, is an essential document that employers must provide to their employees and the IRS annually. Section 14: This section is for the employer to report any miscellaneous items that don't seem to belong in the other areas of the form. k. Examples include uniforms, union dues and education assistance. Index. To view a list of the supported city codes: Open the W-2 Worksheet. Employers may use this field to identify individual Forms W-2. Form W⁠-⁠2 Box 13 Retirement Plan Checkbox Decision Chart. For a detailed breakdown, What to do with your W2 form. It simply means your employer does not use control numbers. Employers use many different abbreviations and codes in Box 14 to report a variety of information. Column A is a filler column and must contain data. What is Box 14? **Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer" ‎February 1, 2024 5:15 PM. This is because tips are included in the amounts in boxes 1 and 5. Read on to learn more about what is typically reported in each box on your W2: Box 1: Total Taxable Wages. If Box 19 is blank, leave Box 20 blank as well. That compensation is included in Box 1 of your W-2. This amt is taxable Healthcare benefit for domestic partner, however is this amt deductible in CA? Where do I deduct it? Options. In box 1 of the Form W-2, your company reports the total taxable wages of the employee for IRS record keeping. I have a Box 12 amount on my W-2 (code G - 457(b) plan) and again the Retirement plan in box 13 is not checked. Your employer probably just wants you to know how much you were paid while out on paid family leave. Each subsection references the space and is still part of Box 12. 0 2 3,237 Reply. There are 2 parts, the employee portion that is is usually a very small amount Use "Other" as the category for box 14. Box 19: Local income tax. The total of Box 7 and Box 3 will not exceed the $118,500 Social Security wage base. Uncover the meanings behind different codes like 401(k) or adoption benefits, and learn how accurately interpreting these can impact your deductions and credits. Box 15 reports the state and your employer’s state tax identification number. Box 20: Name of the local, city, or other state tax being reported in Box 19. You might need to use Form W-2 Box 12 codes to accurately fill out Form W-2. Level 15 Mark as New; Box 14 of form W-2 is a sort of catch-all. You want your mailing address to be where you Box 12 Code. 2020 w2 box1 plus w2 box 12 code D equals my gross income for this employer in 2020. Box e & Box f: Your name and address. Box 15: State and State Employer’s Identification. ORTTX = Oregon Transit Tax. B. Box 12 code: Meaning: A: Uncollected Social Security or RRTA tax on tips: B: Uncollected Medicare tax on tips (but not Additional Medicare Tax) C: Taxable cost of group-term life insurance over $50,000 (included in your Code W in Box 12 of your W2 indicates that you have an employer-sponsored Health Savings Account and that there was money deposited into your HSA through the payroll system at work. The tax will be listed on Schedule A and included as a deduction if you Itemize Deductions. Scroll down to the Box 14 section and click the checkbox next to "Yes, there is something in Box 14" Click Continue; On the W-2: Enter [Taxpayer's] information from Box 14 screen, enter the information listed on the W-2 you received. Over time, MAME (originally stood for Multiple Arcade Machine Emulator) absorbed the sister-project MESS (Multi Emulator Super System), so MAME now documents a wide variety of (mostly vintage) computers, video game consoles and calculators, in addition to the arcade My AGI is over the amount needed to claim a traditional IRA deduction on my return if I am considered covered by a retirement plan at work, but I can take the IRA deduction if I am not considered covered by a retirement plan at work. De minimis financial incentives. Nonqualified Deferred Compensation Reporting Example Chart. I found out that it means Pennsylvania unemployment compensation insurance. Verify your SSN is correct. Box e should contain your name as it appears on your Social Security card. 31, meaning you should receive a Form W-2 Wage and Tax Statement from your employer in January or early February every tax filing season. Back. How is D amount or AA amount calculated in form 1040? How does it make the taxable salary different? Case 1: Salary is $100k, Box 12 D is $5000 In this case they are reporting the compensation created by the SALE of stock acquired via an ISO or an ESPP. Boxes 3, 4, 5, and 6 show Social Security and Medicare wages and taxes, which Feed the appropriate W2 Box 14 balance. By. Additionally, W2 Box 14 NT Health Benefits makes it easier to compare different health plans What is the turbotax reply to the Box 14 and supplemental statement, category reply? Box 14. How can that be correct? Box 14 on your W-2 is basically a parking lot for many types of miscellaneous information the employer wants to report to you. In Oregon, employers are required to enter in Box 14, the Statewide A mathematical symbol is a figure or a combination of figures that is used to represent a mathematical object, an action on mathematical objects, a relation between mathematical objects, or for structuring the other symbols that occur in a formula. An expert does your return, start to finish. If there is an amount in Box 19, it would indicate that local tax was withheld from your wages and paid to a local government, such as to a city tax. 00 in the colu. These taxes, WAPML and WAPFL (Washington Paid Medical / Family Leave) are deducted from the employees W2 and are listed in box 14 and would be categorized under "Other". The question is more about the meaning of boxes on the W2, rather than tax liability. Note: Boxes 3 and 5 Let’s take a detailed look at what each box of Form W-2 means. Uncollected Medicare tax on tips . " Is this going to make my total contributions to Roth IRA over time incorrectly over-stated? I did not actually make a contribution to my ROTH IRA. Elective deferrals under a section 401(k) cash or deferred arrangement plan (including a SIMPLE 401(k . However, while the plan may offer many benefits, box 14 of your W-2 shows only the benefits that apply to you. 89". I earned this while a resident of Massaschuetts. Thanks for the comment! Was good to double check these things. Box 18: Local wages, tips, etc. Solved: I have questions about box 12. This includes a SIMPLE 401(k) arrangement. My W2 has an amount in box 12 - "Code BB - Contributions to 403B" but on my final return, that amount is showing up on the IRA Information worksheet as a "Regular ROTH IRA contribution. Form W-2 Reference Guide for Box 12 Codes Your W-2 has four Box 12 lines, labeled 12a, 12b, 12c, and 12d. The W-2 box 12 codes Among these entries, Box 14 often includes codes that may seem cryptic to many taxpayers. And I’d like to have an authoritative definition of box 16 that I can use to bludgeon my HR folks into submission. Example of the verb: The fighters stepped into the ring, ready to box. The wages are always reported for the year they are paid. Here's a look at all — and there's a lot — that's on this document. Box d: A control number is an internal number that can be used by an employer. This is actually the WAGES for it. Box 2 reports how much your employer withheld from your paychecks for federal income taxes. The amount is not included ni boxes ,1 3, or 5. If you don't see a category in the TurboTax list that matches your W-2 entry (DQDIS), don’t worry. Those earnings do not show in box 1. 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. Form W-2 FAQs When do I receive my W-2? The deadline for employers to send out W-2 forms is Jan. Enter the dollar amount and select the On your W2, Box 1 reflects your total wages, tips, and other compensation. [PRINTABLE W-2] What is W2 box 14 code ORD and PLE in the state of OR? US En . It says: ORTTX 18. Click the drop-down arrow beside Payroll Item, then select New. However, this form is optional. For instance, it is used to record employer-sponsored health coverage and 401(k) contributions made by the employer. 1% transit tax. Form W-2, Box 13. All Oregon wages are subject to 0. If an employee performs at least $600 worth of work for an employer or had income, Social Security and Medicare tax withheld from their pay, then their employer Since the IRS makes available few defined entries for box 14, and because box 14 codes are used primarily for employers to communicate something to an employee, codes in box 14 can be just made up by the employer. C. Box 12 consists of four sections, 12a-12d. rjs. OR, in the HSA interview, when TurboTax asks if your employer told you about any other HSA contributions answer Yes, then enter the code-W amount in the box for Employer and payroll contributions not reported in Box 12 of your W-2 (then don't enter your W-2). And TurboTax requires to select a respected Category from a dropdown list to clarify on the value. Understanding Each Code for Form W2 Box 12. MarilynG1. Social Security tax Box No. The "Retirement plan" indicator in Box 13 shows whether an employee is an active participant in your company's plan. Even though the description in Box 14 of your W-2 may not match a selection from the drop-down menu in your account exactly, the codes may represent the same thing. Meaning of Box 14 “S125” Box 14 on the W-2 form is used for informational entries that If you are a Military Service member or Federal civilian employee, your W-2 may contain codes and dollar numbers in Box 14. ; Box 4 – Displays the amount of Social Security tax that was withheld from your pay. Most of the time, this is for information and does not affect your taxes. Some examples of these Taxable cost of group-term life insurance over $50,000 (included in boxes 1, 3 (up to social security wage base, and 5) D. Get in touch with our tax department by completing the form provided. The codes in Box 14 are optional, and their meanings can vary based on the employer's practices. If we need more information, we'll ask you. Here is the basic meaning of each code: Code A: Uncollected social security or RRTA tax on tips; Code B Form W-2, 2016. This W2 Box 12, Code DD article has been updated for the 2024 & 2025 tax years. Caution. This figure includes all your gross income subject to federal income tax. Reference the employee’s SSN to enter their name correctly. Taxes are all about the numbers. An employee who earns tips may also have different amounts in Boxes 1, 3, and 5. Box 20: Is the legal name of the local, city, or other state tax being reported in box 19. Form W-2 is used to report the wages earned by employees and the taxes that were withheld from their paychecks. One such code is “S125,” which frequently appears in this section. BOX 8: Box 12 Codes on Form W-2: Understanding Form W-2 Box 12 Code Meanings. This is why you won't see a deduction for this amount, because it was never in your income in the first place. F. Taxes. Not every box on the W2 is reported or needs to be reported. HCFSA) subject to NY tax Client in CA with DOMPT of $9k box 14 of W2. Please ignore – that's intended for your payroll department. 4 is what shown in the W2 box 14, what do i need to do in order to file the tax? thank you! What is box 3 on a W2? Box 3 on the W-2 form shows the total wages an employee received that are subject to the Social Security tax. Box 3 – This box shows the amount of your income that is subject to Social Security tax, which may be higher than your total taxable income (Box 1) because it is calculated before certain deductions. Why would this be there and should I amend my W2? PASUI is a mandatory unemployment tax that is paid to the state. Extension of time to file Forms W-2 with the SSA. The instructions for Form W-2, box 14 state that employers may "use this box for any other information that you want to give to your employees. Box 12 of the W-2 form blends letters and numbers, each representing a specific financial element, ranging from A to HH What is Box 12 on the W-2? Box 12 is a general “catch-all” for miscellaneous items. Tax season often brings questions, especially when deciphering notations on tax forms. This status usually applies to Employees working on Commission like Real Estate W2 box-14 has "VDI". Your pay stub shows your total earnings, while your W-2 takes into account the taxable and non-taxable income you received. 0 If they are reported in box 14 on your W-2 form, they may be taxes your employer paid on your behalf. ‎June 5, 2019 11:36 PM. ) Box 14 is where taxable fringe benefits are summarized, but it does also include a documentation of several Non-Taxable items (i. 1. This type of payroll tax will be recorded in the employee's W-2 if your state requires it. " After doing a little sleuthing and math, I am pretty sure that Code 6 stands for total pre-tax medical/dental/vision insurance premiums you paid. stays the same if I choose Ukraine my refund decreases by $1300. CT Family and Medical Leave (CTFMLA) and CT Paid Leave (CTPL) are two separate laws to help eligible workers who need to take leave from their job to care for a loved one or for their own medical reasons. This box is used to provide the following information: Section 125 (cafeteria plan) pretax benefits program for insurance premiums and/or medical reimbursements. Box 12 Code. Elective deferrals under a section 401(k) cash or deferred arrangement plan (including a SIMPLE 401(k As mentioned, the W-2 form contains many codes and boxes, making reading it difficult for some. Enter the employee’s Decoding Form W2 Box 12: Understanding the Meaning of the Codes. The instructions to your employer for the use of code V in box 12 on your W-2 are simply: "Code V—Income from the exercise of nonstatutory stock option(s). 0 3,187 Reply. Still Quick Question On Box 14 of W2 Hello, my friend is having an issue filling out the TurboTax section on her taxes for box 14. Through research, I found that LST stands for Local Services Tax and PA UC stands for PA Unemployment Compensation. If you went over the max because you had more than 1 employer Turbo Tax will The box is asking me to "review the drop down menu below to see if any of the categories match the dollar amount in box 14 of your W-2" I"m not sure if the letters next to the totals explain what categories I should be choosing. You have a stock sale to report, clearly. Do you report both the 1099-B and the amount in box 1? Or take the stock out of the salary amount and then report the 1099-B? ‎March 18, 2021 3:10 PM. For wage earning taxpayers, the most important form is Explore the intricacies of Box 12 on your W-2 form to demystify tax filing complexities. To enter information about health insurance premiums you have paid, go to Deductions and Credits, scroll down to Medical and include these premiums with your medical expenses. Boxes 1-2: Box 1 shows taxable What is Box 12 W-2? The IRS Form W-2 Box 12 can feel a bit overwhelming with all of its different sections and codes. Additionally, your W2 will display information on federal income tax withheld. Box 17: State income tax withheld. Box 14 allows an employer to report any other additional tax information that may not fit into the other sections of a W-2 form. Box 12 has four sections: 12a, 12b, 12c, and 12d. If you operate a large food or beverage establishment, show the tips allocated to the employee. 9 minute read. Scroll down to go more in-depth. However, what is printed in Box 14 of your W-2 may not match a description on the list. Form W-2 is filed by employers to report wages, tips, and other compensation paid to employees as well as FICA and withheld income taxes. 0 Act amended sections 401(k)(4)(A) and Box 14 is used to report additional information that may be relevant to your tax return. g. Understanding your W-2 is an important step toward filing your Hello, I worked in PA for 3 months , my W2 box 14 has 2 sections LST 710703,MA(if I copy paste it is LST 710703,MARSHALL TWP/NORTH) - Amount X PAU - Amount Y W2 - Box 14 Box 19 and 20 - W2. 00; Box 5 - Medicare wages and tips: 80,000. There you can select the different types that pertain to you. Also, Box 12 usually has “See instructions for box 12” or “See instrs for box 12”. Boxes 12a – 12d: (abbreviated code descriptions). ; Box 3 reports the total amounts in Box 7 and Box 3 may add up to the amount in Box 1 if you do not have any pre-tax benefits or may add up to the amount in Box 5 if you do have pre-tax benefits. If so, the associated tax would be addressed when you complete your state tax return in TurboTax. You should enter your W2 as is. However, if any amount is gross income, it’s already included in W-2 Box 1. Box 17: State income tax. 12. the Federal Insurance Contributions Act (FICA) tax) to the Social The W-2 boxes and W-2 codes show the federal taxable wages you’ve earned and any taxes paid through withholding. 00; Your employee earns tips. Justworks Can Help Your Business Stay Compliant. You don't need to enter the wages subject I am a part time resident of New York and MA. "Since this is appearing on a W2 it almost certainly can be read as "Disqualify Disposition" which most likely pertains to either stock acquired via an ESPP or an ISO. If you have an amount in box 19, and Box 20 is blank, ask your employer who they paid Box 1 reports your total taxable wages, tips you reported, salary, bonuses, and other taxable compensation and fringe benefits. With this information, businesses can ensure they are compliant with all applicable laws and regulations. What is W-2 Form BOX 12? Box 12 on the Form W-2 serves as a critical information hub, detailing various special compensations and deductions. When I was trying to efile both federal and state tax, it showed that the maximum SDI/VPDI withheld for 2017 is $998. Box 16 - State wages, tips, etc. Box 20: Name of local tax authority. Expert does your taxes. The label for this box is determined by the value you provide in the W2 Box 14A lookup code Meaning of the ORA_HRX_US_W2_BOX_14_USER_DFND lookup type. Understand the different types of information that can be included in this box and how it may impact your tax return. Description. The text you type becomes the label text appearing on the W-2 Box 14. Code W opens up Form 8889, Health Savings Accounts, on your tax return. Uncollected social security or RRTA tax on tips. Box 14 on one of my W2's has an entry for s125 but the wo. You may be Two possible meanings are the noun (a box) or the verb (to box). A review of Box 1 will help you understand the amount you will see here. Box 12 will report a single letter or double letter code followed by a dollar amount. W-2 BOX 12 CODE P - (excludable reimbursed moving exp) as I fill in the W-2 info. The last six boxes on a W-2 all relate to state and local taxes, including how much of your pay is subject to these taxes and Box 14: State unemployment and/or disability for AK, CA, HI, NJ, NY, PA, and RI. Your employee’s SSN Your employee’s first name, last name, and address Your company’s federal ID number State code and state ID number . e. This can make it difficult to determine what the information entered in that box means and where to report it in your return. Lower Debt. Right click on Box 20 of the W-2 Worksheet. The following list explains the codes shown in Box 12 of Form W-2. Boxes 15-20. Here's how: From the Lists menu, select Payroll Item List. **Say "Thanks" by clicking the thumb icon in a post Discover the purpose of Box 14 on Form W-2 and how it allows employers to provide additional information to employees. Box E shows the employee’s first name, middle initial, and last name. C = Taxable Permanent Change of Station (Included in Box 1) E = Military TSP contribution (Tax Exempt) *MOST COMMON Boxes 3 and 4: Social Security Wages and Taxes Withheld. If you paid any local taxes through your wages, they would be reported in box 19 on your W-2 form in the form of taxes withheld. Find out what the codes in Box 14 on your W-2 mean and how they can affect your taxes. Here are the meanings to assist you. It’s an important part of payroll and employee document management. the program seems to be working correctly up to the point where I’m asked (their or two location already recorded on your return which one applies. Title: Reading Your Form W-2 If not, you could add $1 to Box 1 and add the W-2 with the Box 12a, Code W amount. If you require other information to appear in this box, contact ADP. Stick with Box 14 items are informational only, which means they don't need to be entered on your tax return. Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. Within the box, there will be a code to identify the miscellaneous items that might need to be reported to the IRS on your income tax return. Post a Question *Must create login to post. 11 COPL" value in it, which I have no idea what it means, except for "CO" probably standing for Colorado, my state of residence. The SW automatically set this as the Oregon Statewide Transit tax. Box 3 details how much What Does Each Box on Form W-2 Mean? Box 1: Total taxable wages, tips, prizes, and other compensation. Turbo Tax has been hearing this for years and does nothing to fix the problem or provide information about Box 14 entries. Example of the noun: I put the cat in the box. Benefits within a Section 125 plan may include health, disability, accident and life insurance, dependent care reimbursement and Policy statements that provide added interpretation, details, or information about Minnesota tax laws or rules. For household employees, this is likely your employer’s home address. As formulas are entirely constituted with symbols of various types, many symbols are needed for expressing all mathematics. Those are 2 different codes for 2 different items. I understood LST stands for Local Service Tax for the county What is PAU? Is it If box 14 is blank, just skip over it. 1 ‘boxwood’ via ‘object made of boxwood’ (a sense attested for its Latin etymon), and thence specifically to ‘(small) box (made of boxwood)’ and to ‘box (made of any material)’, which would in fact parallel the original semantic development of Hellenistic Greek πυξίς, the etymon of The "retirement plan" box will be "checked" by your employer if you had the opportunity to contribute to an employer-sponsored plan such as a 401k. Boxes 15 to 20: Show state tax information, including how much of your pay is subject to state income tax and the total amount that’s withheld. An employer sends a W-2 form to employees, which contains a summary of annual income or Yes, use category Other to report your CTPL contributions. Code "V" in Box 14 refers to contributions you made to "Non-Taxable Health Benefits". Among these entries, CTPL may appear unfamiliar and raise concerns about its impact. When choosing the tax category in TurboTax, would LST be "Other mandatory state or local t W2 Box 14 NT Health Benefits also enables employers to quickly and accurately calculate taxes and deductions associated with health benefit plans. If these deductions are included in box 14, does TurboTax use them in the calculating taxes owed/due or are they Boxes 16–20: Your employee’s state and local tax information. The reason for this is because the DCP amount has already been removed from Wages in box 1 on your W-2. An employer can record up to four lines on one W-2 Form box 12 at a time. If it has the CASDI in box 19 then move it and enter it in box 14. Featured forums. Justworks Payroll can assist with your employment Form W⁠-⁠2 Reference Guide for Box 12 Codes . W-2G, Box 2 - Date won (YYYYMMDD - for example, 20220131 for January 31, 2022) What You Should Know. This box contains various codes, each representing different types of income, benefits, or contributions. Understanding these codes is crucial for accurately completing your tax return. Employer contributions (including amounts the employee elected to contribute using a section 125 (cafeteria plan) to your health savings account (HSA) Y. This deduction is already reflected in box 1. W-2s are sent to employees by January 31 of Form W-2 Box 12 Codes . The key among them for most of us is the W-2. It did not allow me to do the efiling. **Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer" ‎February 16, 2022 9:02 PM. Form W-2 Box 12 Codes: Understanding What W2 Box 12 Codes Mean. Within this document, Box 12 stands out due to its complexity, packed with numerous technical codes. When you calculate this number, take out any pretax deductions from an employee's pay In both the "My Info" section for your mailing address and in the W2 entries there is a box for "Address Type" that has drop down menu. Box 1 Wages, tips and other compensation The W2 box 12 codes allow employers to further itemize their employees’ earnings and provide them with any additional information that will be helpful to them. Note: This box has a 15-character limit. The only purpose of that box is determining if your IRA contributions are deductible. You may also receive a Form 1099SA if you spent any of the money in your HSA. Box e: Employee’s name. Want to know what your employer is paying for your health insurance and find out if they (and consequently you) are paying too much? What makes this more surprising is that I work for a very large (meaning big pool of employees) and well-run corporation. Do not include this amount in box 1, 3, 5, or 7.