What is box 12 on W-2? On box 13 Ret. Plan is marked, does that lower my federal refund amount?

What is box 12 on W-2?

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What is box 12 on W-2? On box 13 Ret. Plan is marked, does that lower my federal refund amount?

What Box 12 on a W-2 is reporting depends on the code in the box.

Having a retirement plan at work does not add tax but could eliminate a deduction for making an IRA contribution.

Codes in Box 12

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