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Creating W2 forms for 2021

Forum|Forum|4 years ago
December 7, 2021
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I am in the process of creating W-2 forms for my employees at https://quickemployerforms.intuit.com. There was only one benefit offered from the employer which is Simple IRA contribution from employer at 3% of the salary. Employees were free to have their contribution from 3% or higher from their side. In which W-2 form I can show the employer IRA contrition for 2021 W-2? How I can show employee Simple IRA contribution in W-2 form? Federal taxes is coming out to be zero though i have deducted federal taxes and deposited to IRS.

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Best answer by Critter-3

In which W-2 form I can show the employer IRA contrition for 2021 W-2? Nowhere ... the employer portion is not entered on the W-2.

How I can show employee Simple IRA contribution in W-2 form?

READ the W-2 instructions : https://www.irs.gov/pub/irs-pdf/iw2w3.pdf

BOX 12 CODE S

S — Employee salary reduction contributions under a Section 408(p) SIMPLE. (Not included in Box 1). You may be able to claim the Saver’s Credit, Form 1040 Schedule 3, line 4. See Form 1040 Instructions for details.

Critter-3Answer

In which W-2 form I can show the employer IRA contrition for 2021 W-2? Nowhere ... the employer portion is not entered on the W-2.

How I can show employee Simple IRA contribution in W-2 form?

READ the W-2 instructions : https://www.irs.gov/pub/irs-pdf/iw2w3.pdf

BOX 12 CODE S

S — Employee salary reduction contributions under a Section 408(p) SIMPLE. (Not included in Box 1). You may be able to claim the Saver’s Credit, Form 1040 Schedule 3, line 4. See Form 1040 Instructions for details.