You'll need to sign in or create an account to connect with an expert.
That amount is a contribution to your retirement plan.
Code D in Box 12a of your W-2 is indicating that the amount listed is what was withheld from your wages and deposited in 401(k) account.
A 401(k) plan is a company-sponsored retirement account that employees can contribute to, The employee contributions reduce their income taxes for the year they are made, but their withdrawals are taxed.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17620428287
New Member
crevitch
Level 2
TarHeelAlan
Level 1
sk8rzmom
New Member
user17618569045
New Member