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S125 in Box 14 of a W-2 represents pre-tax contributions to a Section 125 Cafeteria Plan. These are for tax-free benefits like health insurance premiums, FSAs, or dependent care, which are already deducted from wages, making this information for informational purposes only
S125 is your cafeteria plan- it is pretax wages that can be applied to pay for your health insurance (although there are many other things it could also be used for). See What Is "Cafe 125" on a W-2 Tax Form? - TurboTax - Intuit.
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