Box 12 Letter Q On W2

If you file on paper or create forms w 2 online you can include only four box 12 amounts per form w 2.

Box 12 letter q on w2.

Elective deferrals under a section 401 k cash or deferred arrangement plan including a simple 401 k arrangement e. Each w2 form box 12 code is either a single or double letter code. The following list explains the codes shown in box 12 of form w 2. A uncollected social security or rrta tax on tips.

In taxact this is entered in box 12 of the w 2. Uncollected medicare tax on tips but not additional medicare tax c. Code q is nontaxable combat pay. 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.

B uncollected medicare tax. Include this tax on form 1040. Include this tax on form 1040 schedule 4 line 58. These lowercase letters don t mean anything.

It shows your total wages earned as well as the income and payroll taxes your employer withheld. There are several types of compensation and benefits that can be reported in box 12 of form w 2. See the tip for box 12 codes under specific instructions for form w 2. The w2 box 12 codes are.

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. Click wages and salaries to expand the section and then click wage income reported on w 2.

Box 12 this box lists a wide variety of important figures with codes next to them for identification. A uncollected social security or rrta tax on tips. Uncollected social security or rrta tax on tips. Any amount on a box 12 line will also have an upper case capital letter code associated with it.

An employer issues form w 2 to an employee and sends a copy to the irs. The code and the corresponding amount must go in box 12. C taxable costs of group term life insurance over. Box 12 is highlighted in the form w 2 below.

If you need to report more than four you will need an additional form w 2. Box 12 various form w 2 codes on box 12 that reflect different types of compensation or benefits. Your w 2 has four sections in box 12 labeled 12a 12b 12c and 12d. You may need this information to complete your tax return.

For example you can include every type of box 12 amount in one employee wage record if you upload an electronic file. The most frequently seen codes on military w 2s are aa d and q. Form w 2 box 12 codes. To enter military wages reported on a w 2.

If there aren t any capital letter codes in box 12 skip it and move on to box 13 in each box 12. 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 schedule 4 line 58.