Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 31, 2019 7:48:28 PM

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

0 2 3266
1 Best answer
Level 7
May 31, 2019 7:48:30 PM

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. 

2 Replies
Level 7
May 31, 2019 7:48:30 PM

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. 

New Member
May 31, 2019 7:48:33 PM

Thank you so much 🙂