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W-2 box 12 code
Posted by tigeraddict on 1/30/13 at 7:45 pm00
I finally got my W-2 today and in box 12a I have a close D and my 401k shown. This is the same as every year. But what is different is box 12b has a code DD and lists $16k+ in that line
I searched and that is my company provided health insurance portion. Guessing this is obamacare changes. Question is this now taxable?
I searched and that is my company provided health insurance portion. Guessing this is obamacare changes. Question is this now taxable?
re: W-2 box 12 codePosted by CaptainJ47 on 1/30/13 at 8:17 pm to tigeraddict
Not taxable. Read an article about it today. It is on there to let the government know you have insurance and also in an effort to increase awareness of costs.
re: W-2 box 12 codePosted by BleedsPurpleandGold on 1/31/13 at 7:14 am to CaptainJ47
Company paid portion of your health insurance. You will have to ay taxes on it as part of Obamacare in the future.
re: W-2 box 12 codePosted by TheDiesel on 1/31/13 at 9:15 am to BleedsPurpleandGold
Holy frick. Every time I read about Obamacare I find out about some new bullshite tax. It is never ending.
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