On W2 What Is Box 12 Dd?
The Affordable Care Act Requires Employers to Report the Cost of Coverage Under an Employer-Sponsored Group Health Plan on an Employee's Form W-2, Wage and Tax...
The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee's Form W-2, Wage and Tax Statement, in Box 12, using Code DD.
What goes in box 12 dd on W-2?
Many employers are required to report the cost of an employee's health care benefits in Box 12 of Form W-2, using Code DD to identify the amount. ... It is included in Box 12 in order to provide comparable consumer information on the cost of health care coverage.
Must Read
What does D and DD stand for on W-2?
D : Contributions to your 401(k) plan. DD: Cost of employer-sponsored health coverage. More info. E: Contributions to your 403(b) plan. EE: Designated Roth contributions under a governmental section 457(b) plan.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
