Posted on December 1, 2010

Quick Reference Guide for the</br>Paycor W-2

Your clients’ W-2's will be sent out by January 25, 2011. Call your CPA Care Advocate if you have questions related to box 12 codes or need to request additional copies of employer W-2's, W-2c’s or W-3c’s.

Box 8
Allocated tips that are not included in boxes 1, 3, 5 or 7.

Box 10
Total dependent care benefits that the employer paid or incurred on the employee’s behalf (including amounts from a Section 125 (cafeteria) plan). Any amount over $5,000 is also included in box 1.

Box 12
Some deferrals listed in this box may be subject to limits.

Code C
Taxable cost of group-term life insurance over $50,000. Included in boxes 1, 3 (up to social security wage base), and 5.

Code D
Elective deferrals to a section 401(k) cash or deferred arrangement. Also includes deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement.

Code P
Excludable moving expense reimbursements paid directly to employee. Not included in boxes 1, 3 or 5.

Code W
Employer contributions to employee’s Health Savings Accounts.

Code AA
Designated Roth contributions under a section 401(k) plan.

Code BB
Designated Roth contributions under a section 403(b) plan.

Code CC
Hire Act exempt wages and tips.

For more information about Form W-2, visit www.irs.gov.

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