Box 12 Letter Q On W2

An employer issues form w 2 to an employee and sends a copy to the irs.

Box 12 letter q on w2. The most frequently seen codes on military w 2s are aa d and q. Box 12 is highlighted in the form w 2 below. Elective deferrals under a section 401 k cash or deferred arrangement plan including a simple 401 k arrangement e. Click wages and salaries to expand the section and then click wage income reported on w 2.

Include this tax on form 1040 schedule 4 line 58. Include this tax on form 1040 schedule 4 line 58. Taxable cost of group term life insurance over 50 000. Each w2 form box 12 code is either a single or double letter code.

You may need this information to complete your tax return. Your w 2 has four sections in box 12 labeled 12a 12b 12c and 12d. Uncollected medicare tax on tips but not additional medicare tax c. But those aren t the only numbers on form w 2.

Box 12 will report a single letter or double letter code followed by a dollar amount. B uncollected medicare tax on tips. Form w 2 box 12 codes. It shows your total wages earned as well as the income and payroll taxes your employer withheld.

A uncollected social security or rrta tax on tips. For example you can include every type of box 12 amount in one employee wage record if you upload an electronic file. The following list explains the codes shown in box 12 of form w 2. If you file on paper or create forms w 2 online you can include only four box 12 amounts per form w 2.

C taxable costs of group term life insurance over. In taxact this is entered in box 12 of the w 2. The w 2 you got from your employer will have four lines for box 12 labeled 12a 12b 12c and 12d. These lowercase letters don t mean anything.

Uncollected social security or rrta tax on tips. Box 12 various form w 2 codes on box 12 that reflect different types of compensation or benefits. The code and the corresponding amount must go in box 12. 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.

See the tip for box 12 codes under specific instructions for form w 2. From within your taxact return online or desktop click on the federal tab on smaller devices click the menu icon in the upper left hand corner then select federal. Include this tax on form 1040. A uncollected social security or rrta tax on tips.

If there aren t any capital letter codes in box 12 skip it and move on to box 13 in each box 12. Any amount on a box 12 line will also have an upper case capital letter code associated with it. There are several types of compensation and benefits that can be reported in box 12 of form w 2. The w2 box 12 codes are.

Box 12 this box lists a wide variety of important figures with codes next to them for identification. B uncollected medicare tax. To enter military wages reported on a w 2.