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    Posted January 31, 2013 by
    NuYwk
    Location
    The Village

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    Whats Your 2012 W2 Say?

    By NuYwk  |  Posted January 31, 2013  |  The Village
     
    "Cost of employer-sponsored health coverage (if such cost is provided by the employer). The reporting in Box 12, using Code DD, of the cost of employer-sponsored health coverage is for your information only. The amount reported with Code DD is not taxable."

    This is a requirement of The affordable Care Act aka Obamacare. Its designed to let employees know what the value of medical insurance provided by employers is worth. It is currently not taxable. Next year certain excessive amounts will be taxable.


    http://www.irs.gov/pub/irs-pdf/fw2.pdf

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