Employer-Sponsored Health Coverage Cost on W-2 Form
Q:
I was wondering if the new changes
for 2015 W-2 reporting will be in place? This is for adding EMPLOYER COST OF
HEALTH INSURANCE to the W-2 with the code DD.
A: Yes, the system allows for manual updating of the “Employer-Sponsored Health Coverage Cost” in the Employee File, on the second screen, field #38 (see the screen display below).
A: Yes, the system allows for manual updating of the “Employer-Sponsored Health Coverage Cost” in the Employee File, on the second screen, field #38 (see the screen display below).
Approaches:
- You should prepare the records on a spreadsheet and summarize the annual cost for each employee.
- Enter the information into the database. There are two ways to do this:
- Enter the code DD amount directly when creating the W-2 Information File for each employee. The system will update the DD amount back to Employee File field #38 (second screen) as well. This is a 2-in-1 job.
- Enter the code DD amount in the Employee File, field #38 (second screen) first. The amount will be applied to the W-2 Information File that you are creating for each employee. The concept is similar to code D (i.e., 401K) that was applied to the W-2 Information File.
I prefer method a since it saves time.
Related Articles
2020 W-4 Employee Withholding Certificate Support
Release Date: 12/10/19 Version: 8.2 and up The IRS has issued a redesigned 2020 Form W-4 (Employee’s Withholding Certificate). The new form no longer uses withholding allowances. Instead, there is a five-step process for determining employee ...PRW2SCN Payroll W-2 Information File Maintenance
W-2 Information File Maintenance Application Overview The W-2 Information File Maintenance application should be run at the end of the year. This application allows the user to control what amounts are printed in Boxes 7, 14, 15, 16, 17 and 18 on the ...BMITMVRS Bill of Material Production Cost Variance Report
Production Cost Variance Report Application Overview The Production Cost Variance Report prints the cost variance between planned cost and actual production cost for selected items. Planned production cost is calculated based on the routing for each ...ARFRMMNT Accounts Receivable Invoice Form Setup
Invoice Form Setup Application Overview We are constantly striving to develop flexible and compatible business applications. The Invoice Form Setup application enhances this objective, by combining Elliott's standard Invoice form definitions, with a ...CPSETCUS Customer Order Processing Reset Customer Sales/Cost
Reset Customer Sales/Cost Application Overview This feature is a safety feature if you forget to clear your A/R accumulators at month or year-end. Running it updates the Customers Period To date and Month To Date based on information stored in the ...