What Is DCP on Your W-2 and How Does It Affect Taxes? DCP on a W-2 stands for Dependent Care Plan — an employer-sponsored benefit that lets you set aside pre-tax money to pay for childcare or care for other qualifying dependents while you work
FAQ - W2 | Controllers Office DCP is a form of a "retirement arrangement " And participation in DCP is not optional The only exceptions to DCP deductions are for students who are enrolled at least half time during academic sessions, and non-resident aliens who are present in the U S under the F-1 or J-1 visa programs
DCP Tax Reporting on W2: Impact If Not Shown - JustAnswer The DCP refers to a Defined Contribution Plan, which is a mandatory retirement savings plan The DCP amount appears in Box 14 for informational purposes only and does not need to be entered anywhere on your tax return
Understanding Box 14 Codes (Form W-2) - ctcresources. com Employers use Box 14 to report details not reported elsewhere on Form W-2 to provide additional information to employees These items typically include state-specific deductions, employee donations, certain retirement contributions, or informational items
2026 General Instructions for Forms W-2 and W-3 Employers must file Forms W-2 with the SSA and furnish statements to tip recipients showing cash tips received and the Treasury Tipped Occupation Code(s) of the tip recipient New box 12, code TP, will be used to report the total amount of cash tips reported to the employer
DCP SPD - UCnet Mandatory employee contributions to the Pretax Account appear on employees’ W-2 forms in the box marked “Other”; they are not reported as taxable income
What is DCP? | Student Employment Services The Defined Contribution Plan (DCP) is a savings plan that allows participants to accumulate tax-sheltered money for retirement Each pay period, 7 5% of salary will be deposited automatically in the Defined Contribution Plan
Chapter 11: Deferred Compensation - Department of Retirement Systems Deferred compensation is an agreement between employee and employer to postpone part of the employee’s income until separation from service Once a member is automatically enrolled or joins DCP, they become a participant of the program