When you receive a W-2 form at the start of a new year, the boxes and codes can sometimes feel like a cryptic puzzle. Within Box 12, there are specific codes, such as "D" or "dd.
What the D Code Means for Salary Deferral on Your W-2
Dependent Care Benefits and Box 10 A more specific use of the letter "d" on the W-2 relates to Box 10. State-Specific Considerations Not all states align with the federal W-2 structure, and this is where the "d" can become even more specific.
If you see a "D" in this box, it indicates that a portion of your salary was deferred into a retirement savings plan, reducing your taxable income for the year. The Difference Between "D" and "DD" It is important to distinguish between a single "D" and "dd" within Box 12.
What the D Code Means for Salary Deferral on Your W2
Box 1: Wages, Tips, and Other Compensation At the top of the form, Box 1 displays your total taxable wages, tips, and other compensation. If your employer provided you with reimbursement for eligible childcare expenses, the amount of those benefits will appear here.
More About What does d stand for on w2
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