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#6
02-17-2004, 12:37 AM
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 Re: W-2 form Line 12a BenRed <mlhNOSPAM[at]yahoo.com> wrote: - quote - > Can anyone explain the use of Line 12a on an employee's W-2?
That should be the amount contributed before tax to your> Mine has a $635 amount entered for Code D. The IRS > explanation mentions tips--I am not a "tipped" employee. I > couldn't understand the IRS' explanation other than this...? 401k plan. You might be eligible for a retirement tax credit by using Form 8880 if your AGI is less than 25,000 (Single; 37,500 Head of Household, or 50,000 Married/joint). __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
02-16-2004, 08:28 PM
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| Re: W-2 form Line 12a BenRed wrote: - quote - > Can anyone explain the use of Line 12a on an employee's W-2?
Code D is 401(k) contributions.> Mine has a $635 amount entered for Code D. The IRS > explanation mentions tips--I am not a "tipped" employee. I > couldn't understand the IRS' explanation other than this...? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
02-16-2004, 08:09 PM
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| Re: W-2 form Line 12a BenRed wrote: - quote - > Can anyone explain the use of Line 12a on an employee's W-2?
That's your 401(k) contribution.> Mine has a $635 amount entered for Code D. Phoebe  << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
02-16-2004, 08:08 PM
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| Re: W-2 form Line 12a BenRed wrote: - quote - > Can anyone explain the use of Line 12a on an employee's W-2?
Code D refers to a 401k plan, i.e. what you voluntarily> Mine has a $635 amount entered for Code D. The IRS > explanation mentions tips--I am not a "tipped" employee. I > couldn't understand the IRS' explanation other than this...? contributed to your own retirement way down the road. Notice the difference between block 1 and 3? Is it perchance 635$? Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
02-16-2004, 06:49 PM
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| Re: W-2 form Line 12a mlhNOSPAM[at]yahoo.com (BenRed) wrote: - quote - > Can anyone explain the use of Line 12a on an employee's W-2?
It means you need to fill out a form 8880 to see if you> Mine has a $635 amount entered for Code D. The IRS > explanation mentions tips--I am not a "tipped" employee. I > couldn't understand the IRS' explanation other than this...? qualify for a Retirement Savings Contributions Credit. Ricardo Smith, EA Dunlap TN << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-16-2004, 06:49 PM
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| Re: W-2 form Line 12a "BenRed" posted: - quote - > Can anyone explain the use of Line 12a on an
Code D means you had an amount of money ($635) deferred from> employee's W-2? Mine has a $635 amount > entered for Code D. The IRS explanation > mentions tips--I am not a "tipped" employee. I > couldn't understand the IRS' explanation other > than this...? your taxable salary for deposit to a 401k accout -- or a SIMPLE retirement account that is part of a 401k arrangement. Bill << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-16-2004, 06:30 PM
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| Re: W-2 form Line 12a mlhNOSPAM[at]yahoo.com (BenRed) writes: - quote - > Can anyone explain the use of Line 12a on an employee's W-2?
See the instructions on the back of your W-2. The code D is> Mine has a $635 amount entered for Code D. a 401(k) salary reduction. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-15-2004, 05:39 AM
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| W-2 form Line 12a Can anyone explain the use of Line 12a on an employee's W-2? Mine has a $635 amount entered for Code D. The IRS explanation mentions tips--I am not a "tipped" employee. I couldn't understand the IRS' explanation other than this...? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 12a, form, line |
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