Elective deferrals
G — Elective deferrals and employer contributions (including non-elective deferrals) to a Section 457(b) deferred compensation plan. You may be able to claim the Saver’s Credit, Form 1040 Schedule 3, line 4.

What is 12a code C on W-2?

Box 12 with a code c is the taxable cost of group-term insurance over $50,000. If you had group term life insurance through your workplace, the premiums for any value over $50,000 become taxable income to you and are included in box 12. Enter your W-2 form with the box 12 code C in your tax return.

What is 12a and 12b on W-2?

Upper-case (capital) letters in Box 12 stand for different things: • A and B: Uncollected social security and Medicare tax on tips. This. amount represents the social security and Medicare tax on the tips you reported to your employer.

Do I have to enter box 12 on my W-2?

If you had group term life insurance through your workplace, the premiums for any value over $50,000 become taxable income to you and are included in box 12. The taxable amount is already included in your Box 1 wages. You don’t enter the amount anywhere else in your return.

What is code DD in box 12?

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.

Where to find box 12 on 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. You may need this information to complete your tax return. Uncollected social security or RRTA tax on tips. Include this tax on Form 1040. See ” Other Taxes ” in the Form 1040 Instructions.

Why is my W-2 wrong for Box 13?

However, if you made elective deferrals throughout 2017, the lack of the mark in Box 13 Retirement plan means that your W-2 is incorrect. Because Box 13 Retirement plan is not marked, TurboTax will rely on your own indication of whether or not you were covered by a retirement plan at work for 2017.

What are the lines on the W-2 tax return?

The lines labeled 12a, 12b, 12c, and 12d (sometimes listed as 12a-d) on your W-2 are just line labels, not codes. Don’t enter these line labels. For example, if you see “D” on line 12a, enter “D” in TurboTax, not “a”.