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Retirement tax questions
There is no changes and the amount in the W-2 box 1 should be lower due to box 12E.
Box 12 codes
- A: Uncollected social security or RRTA tax on tips reported to your employer
- AA: Designated Roth contributions under a section 401(k) plan
- B: Uncollected Medicare tax on tips reported to your employer (but not Additional Medicare Tax)
- BB: Designated Roth contributions under a section 403(b) plan
- C: Taxable cost of group-term life insurance over $50,000
- D: Contributions to your 401(k) plan
- DD: Cost of employer-sponsored health coverage. More info
- E: Contributions to your 403(b) plan
- EE: Designated Roth contributions under a governmental section 457(b) plan
‎June 1, 2019
10:32 AM