What is D and DD on my W2?

D : Contributions to your 401(k) plan. DD: Cost of employer-sponsored health coverage.

What is 12 a code DD?

Hello – Code DD in Box 12 is the cost that your employer paid for your Health Insurance. It is informational but it is not included in your tax filing. You can enter it in the W-2 Box 12 drop down menu – it is found after z. Hope this helps and thank you for using TurboTax!

Can I deduct code DD?

The amount shown on your W-2, Box 12, using Code DD, represents the of the cost of pre-tax employer-sponsored health coverage, and is for your information only. The amount reported with Code DD is not taxable, but neither can it be claimed as a tax deduction (medical expense) by an individual taxpayer.

What do I put for Box 12 on my taxes?

The W-2 box 12 codes are:

  1. A – Uncollected Social Security tax or Railroad Retirement Tax Act (RRTA) tax on tips.
  2. B – Uncollected Medicare tax on tips.
  3. C – Taxable costs of group-term life insurance over $50,000 (included in W-2 boxes 1,3 (up to Social Security wages base), and box 5); Taxable costs are information only.

Is W-2 Box 12 dd deductible?

Unfortunately, the answer to your question is no. The amount shown on your W-2, Box 12, using Code DD, represents the of the cost of pre-tax employer-sponsored health coverage, and is for your information only.

How do I claim health insurance premiums on my taxes?

If you buy health insurance through the federal insurance marketplace or your state marketplace, any premiums you pay out of pocket are tax-deductible. If you are self-employed, you can deduct the amount you paid for health insurance and qualified long-term care insurance premiums directly from your income.

What does DD mean on tax form?

Box 12 amounts with the code DD signify the total cost of what you and your employer paid for your employer-sponsored health coverage plan. Code DD amounts are for informational purposes only—they don’t affect the numbers in your tax return.

What do I put in box 12 on my taxes?

Does W-2 show 401k contribution?

401(k) contributions are recorded in box 12 of the W-2 tax form, under the letter code “D”.