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Level 2
June 1, 2019
Solved

Box 14 on W-2 states "Section 125 4256.20". Is 4256.20 the $ amount to be entered?

  • June 1, 2019
  • 1 reply
  • 3 views
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Best answer by AnthonyC

Yes.  It is related to your employer benefits plan (a "cafeteria plan"), but it is for informational purposes only.  It does not have an effect on your tax return because the amount has already been excluded from your Box 1 wages. 

1 reply

AnthonyCAnswer
Level 12
June 1, 2019

Yes.  It is related to your employer benefits plan (a "cafeteria plan"), but it is for informational purposes only.  It does not have an effect on your tax return because the amount has already been excluded from your Box 1 wages. 

Level 2
June 1, 2019
Thank you so much 🙂