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.

How long does it take to get a corrected W-2?

The IRS will send your employer a letter requesting that they provide you with a corrected Form W-2 within ten days.

Do you have to enter box 12 on my W2?

You are not required to complete box 12 with code Y (Deferrals under a section 409A nonqualified deferred compensation plan). Section 409A provides that all amounts deferred under a nonqualified deferred compensation (NQDC) plan for all tax years are includible in gross income unless certain requirements are satisfied.

Is Box 12 dd required 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.

Do you need to change box 12 on W-2?

Your employer is required to report this amount but it is not taxable. If that’s the only change for your son, you will not need to amend any previously filed return. For more on understanding your form W-2 – including a list of box 12 codes – check out this article. Before you go: be sure to read my disclaimer.

Can a corrected W-2 be used on a tax return?

If you have not yet filed your tax return, just use the corrected amounts as reported on the W-2c on your tax return. In this case, if the “DD” amount at box 12 is the only correction, the good news is that it won’t change your tax picture.

Do you have to wait for corrected box 12 code DD values?

If you are certain that the only change from a reissued or corrected W-2 will be Box 12 DD information, then no, you don’t need to wait for a new W-2 wage statement before you file your tax return, and no you won’t need to refile (amend) your tax return later.

Where to find W-2 box 12 code DD?

For some additional (brief) commentary, you can read TurboTax’s position on W-2 Box 12 Code DD at the following Frequently Asked Questions link: In conclusion, if you have Code DD information in hand, please go ahead and enter it as you complete your tax return.