What is line 15 on a W-2?
Box 15 on Form W-2 must list the state for which the employer withheld the taxes and, more importantly, to which the employer remitted the taxes. If it does not, the state claimed will reject the withholdings, as they never received them from the employer.
What is Code 12 A on W-2?
The W-2 box 12 codes are: A — Uncollected Social Security or RRTA tax on tips. Include this tax on Form 1040 Schedule 2, line 8, check box c and identify as “UT”. C — Taxable costs of group-term life insurance over $50,000 (included in W-2 boxes 1,3 (up to Social Security wages base), and box 5).
How do I fill out a box 15 on my W-2?
Boxes 15 – 20 Write your state and employer state ID number in box 15 if your state requires you to do so. Box 16 is for an employee’s total earnings that are subject to state income tax withholding, while box 17 indicates the state income tax amount that’s been withheld.
What is Box 12 on W-2 used for?
The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee’s Form W-2, Wage and Tax Statement, in Box 12, using Code DD.
What is Box 15 on tax return?
In the “Amount” box, enter, in Canadian currency, the gross foreign income received from sources outside Canada. Do not reduce the amount by any foreign income tax that was withheld. Enter any amounts for foreign spin-off shares received from sources outside Canada.
Why is Box 15 blank?
Box 15: State | Employer’s state ID number Then, include your state EIN. Some states do not require reporting. Leave Box 15 blank if you have no reporting requirement with your state. If you do not have an employer’s state ID number and need one, contact your state.
What is W2 Box 14?
Box 14: Your employer may report additional tax information here. If any amounts are reported in Box 14, they should include a brief description of what they’re for. For example, union dues, employer-paid tuition assistance or after-tax contributions to a retirement plan may be reported here.
What is included in Box 12 Code DD?
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.
What goes in box 14 on W-2?
Box 14 — Employers can use this W-2 box to report information like: A member of the clergy’s parsonage allowance and utilities. Charitable contributions made through payroll deduction. Educational assistance payments.
Do I have to report Box 14 on my taxes?
Entering helpful information in Box 14 of your employees’ annual W-2 forms can assist them in their annual personal tax preparation – and limit the number of questions employees ask you about their W-2 forms. Box 14 of Form W-2 is for “information only” and is not required information, nor does it “balance” or …
What is Box 15 on a t5?
In the “Amount” box, enter, in Canadian currency, the gross foreign income received from sources outside Canada. Do not reduce the amount by any foreign income tax that was withheld.