Advertisement
Quick answer

Box 12 Code G is 457(b) contribution (typically government employees).

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

Look at box 12, in the middle-right of the form. It has up to four lines, labelled 12a, 12b, 12c and 12d. Those letters are only line labels. The code you want is the small letter or pair of letters printed next to the amount, and it will read G. If you have more than four entries, your employer issues a second W-2 to carry the rest.

Not the code you were looking for? The full box 12 code list covers every letter, and the W-2 box decoder explains every box on the form.

Frequently asked questions

457(b) contribution (typically government employees). 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.
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.
Box 12 sits in the middle-right of the form, with up to four lines labelled 12a through 12d. Each line has a small letter code and an amount. The letters a through d are just line labels, not codes.