Box 12 Letter Q On W2

The w2 box 12 codes are.

Box 12 letter q on w2.

Include this tax on form 1040 schedule 4 line 58. 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. It shows your total wages earned as well as the income and payroll taxes your employer withheld. For example you can include every type of box 12 amount in one employee wage record if you upload an electronic file.

Box 12 is highlighted in the form w 2 below. Box 12 will report a single letter or double letter code followed by a dollar amount. The code and the corresponding amount must go in box 12. If you file on paper or create forms w 2 online you can include only four box 12 amounts per form w 2.

The most frequently seen codes on military w 2s are aa d and q. The w 2 you got from your employer will have four lines for box 12 labeled 12a 12b 12c and 12d. A uncollected social security or rrta tax on tips. A uncollected social security or rrta tax on tips.

The following list explains the codes shown in box 12 of form w 2. Box 11 shows the total amount distributed to you from your employer s non qualified taxable deferred compensation plan. Include this tax on form 1040. Box 12 this box lists a wide variety of important figures with codes next to them for identification.

See the tip for box 12 codes under specific instructions for form w 2. Include this tax on form 1040 schedule 4 line 58. Form w 2 box 12 codes. Your w 2 has four sections in box 12 labeled 12a 12b 12c and 12d.

Code q is nontaxable combat pay. Any amount on a box 12 line will also have an upper case capital letter code associated with it. Click wages and salaries to expand the section and then click wage income reported on w 2. If you need to report more than four you will need an additional form w 2.

Uncollected medicare tax on tips but not additional medicare tax c. But those aren t the only numbers on 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. There are several types of compensation and benefits that can be reported in box 12 of form w 2.

Box 12 various form w 2 codes on box 12 that reflect different types of compensation or benefits. To enter military wages reported on a w 2. Taxable cost of group term life insurance over 50 000. An employer issues form w 2 to an employee and sends a copy to the irs.

In taxact this is entered in box 12 of the w 2. These lowercase letters don t mean anything. Each w2 form box 12 code is either a single or double letter code. Uncollected social security or rrta tax on tips.

B uncollected medicare tax. If there aren t any capital letter codes in box 12 skip it and move on to box 13 in each box 12. B uncollected medicare tax on tips.