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Quick Reference Guide for the Paycor W-2
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Workforce Management

Quick Reference Guide for the Paycor W-2

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 1,3 and 5.

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 and employee 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 DD – Cost of employer-sponsored health coverage. The amount reported is not taxable.

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