Which Block on W2 Is Taxable Income?
Box 1 of Form W-2 is used to report the total federally taxable income earned during the year. Total the amount of earned income that the employee received during the year. This income includes wages, tips and commissions.
Is the code DD on a W2 form taxable?
You are correct that an amount listed in Box 12 as Code DD is not taxable. This amount represents health insurance premiums paid through the employer which are non-taxable fringe benefits.
What can you see on a W-2 form?
Withholdings – Next to the income boxes, you can also see the amounts of taxes paid through paycheck withholdings, including federal income, Social Security taxes and Medicare tax. Other boxes – Some boxes may or may not be completed depending on your personal situation.
