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Get your taxes done using TurboTax
Box 1 is for taxable wages while box 12 code J reports the nontaxable amount. If your employer paid half of the premiums and you paid half, then your w2 is correct and the box 1 amount is taxable.
Contact the employer and determine if you paid the full amount or half of the premiums.
- If you paid the full amount, the issuer needs to correct the form. Issue you a w2C.
- If you paid half the amount, the form is correct and you have partially taxable income.
If you receive a w2, it must be entered for IRS computer matching so the form needs to be correct.
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Wednesday