How Much Tax Does Employer Pay on W-2?
If you work for a railroad, you may notice Tier I and Tier II contributions listed in Box 14 of your annual Form W-2. These numbers represent taxes withheld from your paycheck for future retirement benefits.
Where do I put my HSA contributions on my W2?
You must report all employer contributions (including an employee’s contributions through a cafeteria plan) to an HSA in box 12 of Form W-2 with code W. Employer contributions to an HSA that are not excludable from the income of the employee also must be reported in boxes 1, 3, and 5.
What should I put on my W2 for 2020?
Enter the total employee social security tax (excluding employer share) withheld, including social security tax on tips. For 2020, the amount should not exceed $8,537.40 ($137,700 × 6.2%). Enter the employee’s wages and tips subject to Medicare tax. There is no wage base for Medicare taxes.
