What are the codes in W-2 (W2) Box 12?

The following list explains the codes shown in W-2 (W2) Box 12:

A - Uncollected social security or RRTA tax on tips
B - Uncollected Medicare tax on tips
C - Taxable cost of group term life insurance over $50,000--included in boxes 1, 3 (up to social security wage base), and 5
D - Elective deferrals to a section 401(k) cash or deferred arrangement (Also includes deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement)
E - Elective deferrals under a section 403(b) salary reduction agreement
F - Elective deferrals under a section 408(k)(6) salary reduction SEP
G - Elective deferrals and employer contributions (including non-elective deferrals) to a section 457(b) deferred compensation plan
H - Elective deferrals to a section 501(c)(18)(D) tax-exempt organization plan
J - Nontaxable sick pay (information only, not included in boxes 1, 3, or 5)
K - 20% excise tax on excess golden parachute payments
L - Substantiated employee business expense reimbursements (nontaxable)
M - Uncollected social security or RRTA tax on taxable cost of group term life insurance over $50,000 (former employees only)
N - Uncollected Medicare tax on taxable cost of group term life insurance over $50,000 (former employees only)
P - Excludable moving expense reimbursements paid directly to employee (not included in boxes 1, 3, or 5)
Q - Nontaxable combat pay
R - Employer contributions to your Archer MSA
S - Employee salary reduction contributions under a section 408(p) SIMPLE (not included in box 1)
T - Adoption benefits (not included in box 1) (You must complete Form 8839, Qualified Adoption Expenses, to compute any taxable and nontaxable amounts.)
V - Income from exercise of non-statutory stock option(s)--included in boxes 1 and 3 (up to social security wage base), and 5
W - Employer contributions to your Health Savings Account (Report on Form 8889, Health Savings Accounts (HSAs).)
Y - Deferrals under a section 409A non-qualified deferred compensation plan
Z - Income under section 409A on a non-qualified deferred compensation plan (This amount is also included in box 1. It is subject to an additional 20% tax plus interest.)
AA - Designated Roth contributions to a section 401(k) plan.
BB - Designated Roth contributions under a section 403(b) salary reduction agreement
DD - Cost of employer-sponsored health coverage.
EE - Designated Roth contributions under a governmental section 457(b) plan.

Deluxe Edition

Includes All Free Features PLUS:

Audit Assist

Protect your taxes with Audit Assist!

Over 1.7 million taxpayers were audited last year... let us help. Our tax professionals will assist you if you are audited by the IRS. Get the peace of mind that comes from knowing you are covered.

Included with DELUXE...
Find out More!

Free Edition

FREE Federal, FREE e-file:

Our online application is designed to be simple and fast. Most returns can be completed within 30 minutes. No software to download. Use any computer that has an internet connection.

© 2002-2014 FreeTaxUSA, a TaxHawk, Inc. owned and operated website - Terms of Use