Musings of a Burbank CPA: Do I Have to Report the Line 12 Health Insurance on My W-2?

So what do you have to do with the line 12 item on your W-2 classified as ‘DD’ which is ‘Employer Provided Health Insurance?’  Do you have to report as income, deduct as an itemized deduction, throw out the window?  See this IRS tip that explains what this is and what to do about it:

http://content.govdelivery.com/accounts/USIRS/bulletins/aa50ea?reqfrom=share

Now, you have the answer – you don’t have to do anything – it is an informational item only (more for the employer on Obamacare than the employee) – so look at it, say ‘fine’ and don’t think about it again!

  Dollar Looking SideW2 Income   For financial,  accounting and tax musings,

You can count on us to count for you!

Email: bstonercpa@sbcglobal.net   Phone: 818-317-6035  Website: www.briantstonercpa.com

download_appAndroid and the IPhone:

      
StonerLogo122813 Has been Featured On

CNN_v2MARKET WATCH LOGO MIAMI HERALD LOGO

Inserts a link to your Twitter page https://twitter.com/bstonercpa

 

 

 

Leave A Comment...

*