on a w-2 form was is box 12b
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- You enter the information from box 12 of your W-2 into the Box 12 of Turbotax’s W-2. On your (paper) W-2, they are listed 12a, 12b, and so on. In Turbotax there are just four lines for you to enter the codes and the amounts. Code D is 401k contributions.
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List of the Most Common Federal IRS Tax Forms 2017 For example, the amount in Box 1 of Form W-2 is reported on Form 1040, line 7. Form 1040 is a summary of your income, adjustments, deductions, taxes and credits for your tax year, which, for most individuals, is the calendar year. Relevant supporting forms and schedules must be filed with Form 1040. There are simplified versions of Form 1040: Form 1040A and Form 1040EZ.
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W-2 - Box 14 - The code that is on my W-2 is not listed in the menu. Please Note: Because there is no standard list of codes, your employer can list any description it chooses for the items in Box 14. Even though the description in Box 14 of your W-2 may not match a selection from the drop-down menu in your TaxSlayer account exactly, the codes may represent the same thing.axSlayer has done the best it can to provide the most commonly used codes and descriptions for each item in Box 14. However, what is printed in Box 14 of your W-2 may not match TaxSlayer's description on the list.
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Form W-2 Box 12 Codes Box 12 will report a single letter or double letter code followed by a dollar amount. The following list explains the codes shown in Box 12 of Form W-2. You may need this information to complete your tax return.
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- This publication is a revision of NGR 500-3/ANGI 10-2503 published 12 January 2006. Summary. This regulation instruction prescribes policies, procedures, and responsibilities governing the employment of National Guard Weapons of Mass Destruction - Civil Support Teams (WMD-CSTs) in support of
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Reporting Income and Wages from Your W-2 Shown in Box 1 of your W2 form are your total wages, before tax withholdings, union dues, or insurance payments are made. This is the amount you should enter as your earned income. You report your earned income by filing either a Form 1040, 1040a, or 1040EZ.
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What Is Form W-2 and How Does It Work? Form W2 proves very useful when you file your Form 1040 income tax return. Box number 1 contains your gross wages, tips and other compensation for the year. Boxes 2 and 17 tell you how much money was withheld in federal and state income tax, respectively, for the year.
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IRS tax forms Employers have until January 31, 2011 to send you a 2010 Form W-2 earnings statement. Form W-2, Wage and Tax Statement, is used in the United States income tax system as an information return to report wages paid to employees and the taxes withheld from them. The form is also used to report FICA taxes to the Social Security Administration. Relevant amounts on Form W-2 are reported by the Social Security Administration to the Internal Revenue Service. If you owe backtaxes and cannot pay off the entire tax, consider an Offer in Compromise.
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Common Errors on Form W-2 Codes for Retirement Plans Common codes used for Box 12. See the Instructions for Forms W-2 and W-3 for a complete list of codes. Form W-2, Box 13. The “Retirement plan” indicator in Box 13 shows whether an employee is an active participant in your company’s plan.
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Employer HSA Contributions on W2 (Taxes) All contributions listed as code W (known as employer contribution, regardless of whether pay reduction or employer benefit) are exempt from federal income tax and FICA taxes (social security and medicare tax). Hence, the total code W amount ($6450 in your example) should NOT be included in box 1, 3, and 5.
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- An employee of the company is called as w2 employee. w2 form is issued by the employer to employee which shows salary, taxes, benefits paid. It is a contract between one company to another company.
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- The Genre will affect the length of the story, too. 1  Young Adult novels tend to be shorter than novels and can be 50,000 to 80,000 words long. 2  Science Fiction and Fantasy novels tend to be longer and can be up to 125,000 words long.
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When Do W-2 Forms Get Sent Out? Provide them with as much information as you can from your pay stubs, such as total gross wages and taxes withheld. If you get close to the tax deadline and still have not received your W-2, use Form 4852, Substitute for Form W-2 and fill out all of the information from your pay stubs.
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W-2 Setup - Deduction/Benefits for Boxes 10, 11, 12 and 14 Be sure the amount of the benefit is also included in Box 1 of the W-2.Alternately, if only reporting a few employees, you may directly enter the amount to be reported in Box 11 on the Edit W-2 window after preparing the W-2s.he Social Security Administration and the IRS ignore this box. The calendar year amounts of the codes, deductions or benefits, you enter on this window will be printed in Box 14 of the W-2 statement.
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- The W-2 lists your name, address, gross wages and taxes withheld from your wages. The W-2 also contains information regarding your employer. An employee is sometimes referred to as a W-2 employee to distinguish him from independent contractors. W-2 employees can be paid hourly or a salary.
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Per Diem If the total amount paid by the taxpayer is less than the Federal Per Diem Rate, no amount is reported on the tax return. If the allowance was more than the federal rate, then the employer will include this amount up to the federal rate in box 12 of Form W2. This will be reported as if it is wage income.
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- Some employees may notice a new reporting amount on their Forms W-2 for the 2012 tax year. Located in Box 12 and reported with Code DD, this amount is the total cost of the employee s health insurance coverage for the year and includes the amounts paid by both the employee and the employer.
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- WITHHOLDING STATEMENTS (W-2) An employer must complete two copies of the Wage and TaxStatement (Form W-2) for each employee to satisfyPennsylvania tax requirements. One copy must be furnishedto the employee, and one copy must be submitted to theDepartment of Revenue. The W-2s must contain the followinginformation:1.
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- Box 2 on your W-2 is the only federal income tax withheld from your wages and tips. This is the number to report on Line 62 of Form 1040, Line 36 on Form 1040A and Line 7 of 1040EZ. You do not include any amounts withheld for Social Security or Medicare, nor any state or local taxes withheld.
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- Employers must complete, file with the Social Security Administration (SSA) and furnish to their employees Form W-2 (PDF), Wage and Tax Statement, showing the wages paid and taxes withheld for the year for each employee.ecause Form W-2 is the only document used to transmit information regarding employees' Social Security and Medicare wages for the year, it is very important to prepare Form W-2 correctly and timely.
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- If your employer allocated tips to you, they are shown separately on your Form W-2, box 8. They are not included in box 1 with your wages and reported tips. If box 8 is blank, this discussion does not apply to you.
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What do the W-2 Boxes and W-2 Form Codes mean? Box 8 -- This amount isn’t included in W-2 Boxes 1, 3, 5, or 7. For information on how to report tips on your return, see your Form 1040 instructions. You must file Form 4137: Social Security and Medicare Tax on Unreported Tip Income with your return.
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- Instructions. Obtain a copy of your latest W-2 form from your employer. The W-2 form, also known as a Wage and Tax Statement, is the information your employer provides to both you and the IRS to report your earnings and taxes for the year.Check box B on your W-2; it's labeled Employer Identification Number.This box displays the EIN for your place of work.nstructions. Obtain a copy of your latest W-2 form from your employer. The W-2 form, also known as a Wage and Tax Statement, is the information your employer provides to both you and the IRS to report your earnings and taxes for the year.
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- Similar Questions. 1  My w2 is missing employers state Id number. 2  It keeps asking me for box 15, Employer's State I.D. number. The box on my w-2 is empty. 3  My husbands w2 for washington state doesnt say in box 15 the employer id number. He is Military if that helps, but on his W2 it is blank.
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- Form W-2 proves very useful when you file your Form 1040 income tax return. Box number 1 contains your gross wages, tips and other compensation for the year. Boxes 2 and 17 tell you how much money was withheld in federal and state income tax, respectively, for the year.
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Publication 505 - Introductory Material Deductions. Deductions are also covered in the W-4 withholding calculations. Line B on the W-4 Personal Allowances Worksheet accounts for the standard deduction. If you have multiple jobs or there are two wage-earners in your family, you may need to fill out the Two Earners/Multiple Jobs Worksheet on page 2 of the form.