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15854: W-2 Box 12 Codes (DAS)


W-2/W-3

Drake Accounting®Where do I find the W-2 box 12 codes?

 

The W-2 Box 12 codes that are used in Employees > Deductions & Benefits match the standard W-2 Box 12 Codes. The codes can be found at the following locations:

  • On the Drake Software Support Website, under Support > Documents > Manuals, in the  Drake Accounting ® User's Manual. From the Table of Contents, click on  Employee Payroll > Setting Up Employee Payroll > Deductions and Benefits Setup > Adding a Deduction. The code list begins on page 308.
  • In the IRS Instructions for Forms W-2From the Table of Contents, click on the page 15 link for, "Specific Instructions for Form W-2". The code list begins on page 18.
W-2 Code Description of W-2 Box 12 Code
Code A Uncollected social security or RRTA tax on tips
Code B Uncollected Medicare tax on tips
Code C Taxable cost of group-term life insurance over $50,000
Code D Elective deferrals under a section 401(k) cash or deferred arrangement (plan)
Code E Elective deferrals under a section 403(b) salary reduction agreement
Code F Elective deferrals under a section 408(k) (6) salary reduction SEP
Code G Elective deferrals and employer contributions (including non-elective deferrals) to any governmental or nongovernmental section 457(b) deferred compensation plan
Code H Elective deferrals under section 501(c) (18)(D) tax-exempt organization plan
Code J Nontaxable sick pay
Code K 20 percent excise tax on excess golden parachute payments (not applicable to Forms W-2AS, W-2CM, W-2GU, or W-2VI)
Code L Substantiated employee business expense reimbursements
Code M Uncollected social security or RRTA tax on taxable cost of group-term life insurance over $50,000 (for former employees)
Code N Uncollected Medicare tax on taxable cost of group-term life insurance over $50,000 (for former employees)
Code P Excludable moving expense reimbursements paid directly to a member of the U.S. Armed Forces
Code Q Nontaxable combat pay
Code R Employer contributions to an Archer MSA
Code S Employee salary reduction contributions under a section 408(p) SIMPLE plan
Code T Adoption benefits
Code V Income from the exercise of non-statutory stock option(s)
Code W Employer contributions to a health savings account (HSA)
Code Y Deferrals under a section 409-A non-qualified deferred compensation plan
Code Z Income under a non-qualified deferred compensation plan that fails to satisfy section 409-A
Code AA Designated Roth contributions under a section 401(k) plan
Code BB Designated Roth contributions under a section 403(b) plan
Code DD Cost of employer-sponsored health coverage
Code EE Designated Roth contributions under a governmental section 457(b) plan
Code FF Permitted benefits under a qualified small employer health reimbursement arrangement
Code GG Income from qualified equity grants under section 83(i)
Code HH Aggregate deferrals under section 83(i) elections as of the close of the calendar year

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