Question

If i have a life insurance does that fall under Group "C"in block 12?

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Free Edition Online

Employee

Yes, if you received group term life insurance valued at greater than $50,000 from your employer, then you'll see the taxable cost under Code C in Box 12 of your W-2. That same amount will also be included in Boxes 1, 3, & 5 as part of your taxable income.

Here's a TurboTax FAQ link listing the Box 12 codes and what they mean: https://ttlc.intuit.com/questions/1899457-what-do-all-the-letter-codes-in-box-12-of-my-w-2-mean