Additional information fields in W2 forms provide valuable supplementary data about employee benefits, special compensation arrangements, and other critical details. These fields offer important context for tax treatment and benefits administration. While often complex, accurate extraction of this information is essential for comprehensive tax reporting and compliance.
Applications of Additional Information Extraction
- Benefits Administration: Track and verify dependent care and other benefits
- Plan Management: Monitor participation in various compensation plans
- Special Compensation Tracking: Track non-standard payment arrangements
- Compliance Verification: Ensure proper reporting of special compensation types
- Audit Support: Maintain detailed records of additional compensation and benefits
Supported Additional Information Fields
As of writing, our W2 parsing algorithms can extract these critical additional information fields:
- Verification code (Box b, if applicable)
- Dependent care benefits (Box 10)
- Nonqualified plans (Box 11)
- Box 12 codes and amounts (up to four entries)
- Other information (Box 14)
Use Cases and Applications
| Field Name | Description | Insights & Intelligence | Possible Applications |
| Verification Code | Document authentication code | Security verification, fraud prevention | Document validation |
| Dependent Care Benefits | Child care benefit amounts | Benefits tracking, tax treatment | Benefits administration |
| Nonqualified Plans | Special compensation plans | Compensation tracking | Tax planning, compliance |
| Box 12 Codes | Special payment categories | Specialized compensation analysis | Tax treatment, benefits management |
Our intelligent character recognition for account information can extract these fields with high accuracy. See our comprehensive coverage for more details.
[OCR API Worldwide Data Coverage]
Unleash the Power of Comprehensive W2 Data
Don’t miss out on valuable insights hidden in additional W-2 fields. Our advanced OCR solution captures every detail, helping you make the most of your W2 data.
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