"AskTony" column archive

This Web site contains a compilation of more than a thousand consumer finance columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today. New material was added after 2010.

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Reporting employer-provided health benefits on employees' W2

originally posted: 2/25/2012 last update:

Q: How do I report employees' health benefits on their W2 Form?

A: The cost of employer-sponsored health coverage is reported in Box 12 of Form W2 under a new code "DD". The effective date of this reporting requirement was delayed so that this is voluntary for smaller businesses with less than 250 employees this year.

In January 2013, when W2s are issued for 2012, the requirement will be in effect for smaller companies.

The reporting of employer-provided health coverage does not mean that these benefits are taxable. Employer-provided health benefits continue to be tax-free but this may change in future tax years.

Reporting of employer-provided health coverage is voluntary for most businesses in 2012.

More resources:

http://www.irs.gov/newsroom/article/0,,id=237894,00.html