From a tax preparers point of view the Code DD in Box 12 means nothing for 2013 tax returns. The following list explains the codes shown in box 12. A. My W2 form has this info for Box 12 12a 12b 12c 12d 12e DD .... How while entering my W2 information in turboTax, these are the instructions: Box 12a-d - If none … read more The Affordable Care Act Tax Provision requires employers to report the cost of employer-sponsored health coverage in box 12 as code DD. Include this tax on Form 1040 Schedule 4 line 58. This amount is also included in box 1. To help you be prepared for W-2 season today we’re going over the W-2 Box 12 Code FF for 2019. QuickBooks General Help Line. I entered in the number wrong on box 12 dd on my tax return. The following list explains the codes shown in Box 12 of Form W-2. This amount is reported for informational purposes only and is NOT taxable. Include this tax on Form 1040 Schedule 4 line 58. The math work out. 0 0. Supposedly they will use this box to determine if a penalty will be assessed on the 2014 tax return. I understand to fix it for next year, I need to get the Benefit Code assigned to the W2 box (12) and Label (DD). The amount of the health care coverage will be reported in Box 12 of the W-2, with Code DD to identify the amount. Designated Roth contributions under section 401(k) plan. 101249.28 . Some of the most common ones are Code D for contributions to a 401(k) plan and Code DD for the cost of employer-sponsored health care. 2 Answers. Designated Roth contributions under section 403(b) plan. Clarification on code P reporting in Box 12. W2 box 12 dd quickbooks keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website if I add my 401k from box 12 B (10,246.59) to Box 1 I get the sum box 3. Question about box 12 dd on w2? how does the dd code in box 12 of w2 factor in for line 61 on1040. W-2 Box 12 Codes SOLVED • by Intuit • Lacerte Tax • 8 • Updated April 17, 2020 If additional items are listed in box 12a-12d of Form W-2 , click the list box and select the letter code that is listed on the left hand side of the box. Darell. If you had more than one employer in 2019 and more than $8 ,239.80 in social security and/or Tier 1 Try out now! Solution Description Wages, Salaries and Tips If additional items are listed in box 12a-12d of Form W-2, click the list box and select the letter code that is listed on the left hand side of the box. It is included in Box 12 in order to provide comparable consumer information on the cost of health care coverage. Form W-2 is the IRS tax form used to report all employee income that has social security or Medicare tax withheld. Turbo Tax says it wouldn't matter because they don't send that information in on my return anyway but I just want to be sure. Want quick, easy help? You may need this information to complete your tax return. I already filed will I need to amend? ... sign up for health insurance coverage retro actively to December 2017, but I had already processed and submitted the W2's? Question on the Purpose of Box 12 DD on W2 So there’s a long story about how I got to the point, but I was looking back at old W2s and noticed that the amount in box 12 under DD in each year was the total amount of my employee contributions to an employer sponsored health insurance plan. The calculation would be 150 x 12 x .23 = 414.00. BB. For example, if a J is placed in box 12, it means the employee received non-taxable sick pay. Also, you can get ahead start on Form W-2, because TaxBandits is already accepting returns for 2019. If you prefer to call us directly, we'll ask you a series of questions to confirm your personal info and the reason for your call. So you won't have to repeat it. Lv 4. Verification Code on Forms W-2 (CWU) Generate and E-file W2/W3 Using Payroll Function (CWU) Create Employee W2 or Contractor 1099 Without Bookkeeping, Using ATF Payroll (CWU) Extension of Time to File Information Returns (CWU) how does the dd code in box 12a of w2 factor in for line 11 on 1040ez. It is requested that this report also include anything reported on Box 12 (with code DD) of the employees W2. Enter the code "BB" and amount in Box 12, if Employee contributed to a Designated Roth contributions under a section 403(b) plan and check the retirement plan box in Box 13. You may need this information to complete the tax return. The key point to note is that this entry on the W-2 is not taxable income. Which is 101, 249.28. The W2 Box 12 codes are: A — Uncollected Social Security or RRTA tax on tips. » The reporting requirement currently applies only to employers who filed 250 or more eligible employee W-2 statements in the preceding year. The following list explains the codes shown in box 12. Answer Save. If you need to report more than four, you will need an additional Form W-2. Credit for excess taxes. This amount represents the social security and Medicare tax on the tips you reported to your employer. For more information on these codes, see the instructions for Form W-2. Box 12. A and B: Uncollected social security and Medicare tax on tips. However, if I look at the UPR00600, the W2 Box and Label are designated. List of Box 12 Codes. T. he amount reported with code DD is not taxable. The reporting in Box 12, using Code DD, the cost of employer -sponsored health coverage is for your information only. 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