W2 Box 12 Codes

T

Adoption benefits (not included in Box 1). Complete Form 8839:, Qualified Adoption Expenses, to compute any taxable and nontaxable amounts. T= Adopt a Toddler= Toys

HH

Aggregate deferrals under section 83(i) elections as of the close of the calendar year. HH= Happy helpers

DD

Cost of employer-sponsored health coverage. DD= Cost of ER health= Doctor Dollars

Y

Deferrals under a Section 409A nonqualified deferred compensation plan. IRS has suspended this requirement until final regulations are issued.

AA

Designated Roth contribution under a 401(k) plan. Abe Lincoln (Lincoln Investment Retirement Planning Company)

BB

Designated Roth contributions under a 403(b) plan. aBe Lincoln (Lincoln Investment Retirement Planning Company)

EE

Designated Roth contributions under a governmental 457(b) plan. This amount doesn't apply to contributions under a tax-exempt organization Section 457(b) plan. abE Lincoln (Lincoln Investment Retirement Planning Company)

D

Elective deferral under a 401(k) cash or arrangement plan. This includes a SIMPLE 401(k) arrangement D= Deferrals

G

Elective deferrals and employer contributions (including non-elective deferrals) to a Section 457(b) deferred compensation plan. G= Government

H

Elective deferrals to a Section 501(c)(18)(D) tax-exempt organization plan. H= Hospital= tax exempt

E

Elective deferrals under a Section 403(b) salary reduction agreement E= Education

F

Elective deferrals under a Section 408(k)(6) salary reduction SEP (Simplified EE Pension plans). SEP = F=Fall= Future $

S

Employee salary reduction contributions under a Section 408(p) SIMPLE. (Not included in Box 1). S= Simple

W

Employer contributions (including amounts the employee elected to contribute using a Section 125 cafeteria plan) to your health savings account (HSA). W= Wellness= ER HSA

R

Employer contributions to your Archer medical savings account (MSA). Report on Form 8853:, Archer MSAs and Long-Term Care Insurance Contracts. R= Arrrrr! (Talk like a pirate)= Archer

P

Excludable moving expense reimbursements paid directly to a member of the U.S. Armed Forces. (not included in Boxes 1, 3, or 5) P= moving= Packing

CC

For employer use only.

GG

GG — Income from qualified equity grants under section 83(i). GG= Grants

V

Income from exercise of non-statutory stock option(s) (included in Boxes 1, 3 (up to Social Security wage base), and 5). See Publication 525, Taxable and Nontaxable Income, for reporting requirements. V= Vested or Value of Stock

Z

Income under a nonqualified deferred compensation plan that fails to satisfy Section 409A. This amount is also included in Box 1 and is subject to an additional 20% tax plus interest. See Form 1040 instructions for more information. Z= zapped with 20% extra tax

Q

Nontaxable combat pay. See the instructions for Form 1040 or Form 1040A for details on reporting this amount. Q= Military never Quits= Military lives in Quarters

J

Nontaxable sick pay (information only, not included in W-2 boxes 1, 3, or 5). J= Home sick= Home in Jammies= not taxable

FF

Permitted benefits under a qualified small employer health reimbursement arrangement (QSEHRA). FF= Free Funds

L

Substantiated employee business expense reimbursements (nontaxable). L= Travel on business= Rent a Lexus/Limo= L

C

Taxable costs of group term life over $50k(included in W2 Boxes 1,3 (up to Social Security wage base), and box 5 *Payout insurance; C= someone CROAKED=COFFIN

B

Uncollected Medicare Tax on tips. Include this tax on form 1040 Schedule 4 line 58 B = Beverage; Med comes second

N

Uncollected Medicare tax on taxable cost of group-term life insurance over $50,000 (former employees only). Can't impute GTL due to termination (no earnings)= M & N= May Not take Med taxes

M

Uncollected Social Security or RRTA tax on taxable cost of group-term life insurance over $50,000 (former employees only). Can't impute GTL due to termination (no earnings)= M & N= May Not take SS taxes

A

Uncollected social secuirty or RRTA tax on tips, include this tax on form 1040 schedule 4 line 58 A= Appetizer; SS comes first

K

20% excise tax on excess golden parachute payments. K= Golden parachute= 24K