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Level 1

Solved

Box 14 on my w2 shows SEC 125. What is this?

Forum|Forum|4 years ago
April 9, 2022
1 reply
15 views

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Best answer by PattiF

SEC 125 is your employer's benefit plan. It is also known as a "cafeteria plan". Usually, what is reported there is your medical insurance premiums that are paid with pre-tax income. They are not taxed and are not included in your W-2 Box 1 wages so you can not deduct them as medical expenses.

PattiFAnswer

Level 15

SEC 125 is your employer's benefit plan. It is also known as a "cafeteria plan". Usually, what is reported there is your medical insurance premiums that are paid with pre-tax income. They are not taxed and are not included in your W-2 Box 1 wages so you can not deduct them as medical expenses.

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Level 2

What is the turbotax reply to the Box 14 and supplemental statement, category reply?

Box 14. This box is used to provide the following information:
Section 125 (cafeteria plan) pretax benefits program for insurance premiums and/or medical reimbursements. The amount is not included ni boxes ,1 3, or 5.