Filed without information from box 12 on W-2

Forum|Forum|6 years ago
February 17, 2020
4 replies
53 views

I imported my W-2 and unfortunately noticed today that the automatic import didn't include the fields from box 12. The fields were letter codes C, D and DD.

Fortunately, after having entered them, it doesn't seem to impact my tax refund / liability numbers at all. That being said, with all the magic under the hood, I don't know which forms are potentially impacted by these fields. Would I need to file an amended tax return?

TurboTax Premier Online

Best answer by Irene2805

No - While it's important to enter all the information on your W-2, you don't need to file an amended return. The items listed in Box 12 of your W-2 are informational and are covered elsewhere on the form. For information about all the codes in Box 12 of the W-2, please see this TurboTax Help article: What do the letter codes in Box 12 of my W-2 mean?

In your case:

Code C is the taxable cost of group-term insurance over $50,000. If you had group term life insurance through your workplace, the premiums for any value over $50,000 become taxable income to you and are included in box 12. The taxable amount is already included in your Box 1 wages. You don't enter the amount anywhere else in your return.

Code D reports your contribution to a 401(k) plan. This amount is already subtracted from your Box 1 wages.

Code DD is the total cost of what you and your employer paid for your employer-sponsored health coverage plan. This amount is for information purposes only — it doesn't affect the numbers in your tax return.

Irene2805Answer

Level 15

In your case:

Code C is the taxable cost of group-term insurance over $50,000. If you had group term life insurance through your workplace, the premiums for any value over $50,000 become taxable income to you and are included in box 12. The taxable amount is already included in your Box 1 wages. You don't enter the amount anywhere else in your return.

Code D reports your contribution to a 401(k) plan. This amount is already subtracted from your Box 1 wages.

Code DD is the total cost of what you and your employer paid for your employer-sponsored health coverage plan. This amount is for information purposes only — it doesn't affect the numbers in your tax return.

bakubhim20

Level 2

How about if you forgot to add code W, AA and DD from your box 12? For me it came in 2nd page of W2 and i forgot to add in my tax return...do i need amend it?

MayaD

Alumni - Intuit

Yes, you need to amend your return.

Box 12 code W indicates that you have an employer-sponsored Health Savings Account and that there was money deposited into your HSA through the payroll system at work. You must always file a Form 8889 in any year you or an employer contributes money to your HSA or you make withdrawals from the account. ( TurboTax will automatically fill out Form 8889 if you and/or your employer contributed to an HSA (usually indicated by code W in box 12 of the W-2), if you used funds in your HSA (reported on Form 1099-SA), or if you inherited an HSA.)

Also box 12 code AA – Designated Roth contributions under a 401(k) plan. The contribution might qualify you for a Retirement Savings Contributions Credit( Saver's credit).

Code DD amounts- The total cost of what you and your employer paid for your employer-sponsored health coverage plan, they don't affect the numbers in your tax return.