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Quick answer

Code G in Box 12 of your W-2 means 457(b) contribution (typically government employees). Tax treatment: Pre-tax (already excluded).

What Code G means

A 457(b) can be contributed to in addition to a 401(k) or 403(b), which is why some government workers see both codes.

Does Code G affect my taxes?

Your pre-tax contribution to a 457(b) deferred-compensation plan, common for state and local government employees. It's already excluded from your Box 1 wages.

Where to find Code G on your W-2

Box 12 has up to four slots โ€” labeled 12a, 12b, 12c, and 12d. Each slot shows a letter code and a dollar amount. The 12aโ€“12d labels are just line numbers; the actual code is the small letter next to the money. So "12a: G 5,000" means Code G with a $5,000 amount. When you file, enter the code and amount exactly as shown.

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Frequently asked questions

Your pre-tax contribution to a 457(b) deferred-compensation plan, common for state and local government employees. It's already excluded from your Box 1 wages.
Enter the code and amount into your tax software exactly as they appear on the W-2. The software handles the rest โ€” you don't calculate anything by hand.
Box 12 has up to four slots labeled 12a, 12b, 12c, and 12d. Each slot holds a letter code and a dollar amount. The small letter (like G) is the code; the number next to it is the amount. The 12aโ€“12d labels are just line labels, not codes.
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