New field required for the 2013 W2 forms:
Under the Patient Protection and Affordable Care Act, all employers filing 250 or more W2 forms for the year 2012 are required to report to their employees the total cost of their group health plan coverage. This includes both employer and employee contributions. This is for informational purposes only and any coverage provided by the employer will not be subject to income tax.
Instructions to set this up in the CHARTS payroll software can be found by clicking here or in the year end notes from patch 70.
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