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On the W-2 Form, line 12a with code D indicates the amount of elective deferrals made to a 401(k) retirement plan. This represents the money an employee has chosen to contribute to their 401(k) account, which is deducted from their taxable income. Contributions reported in this line are typically pre-tax, meaning they can reduce the employee's taxable income for the year.

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2mo ago

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