Enter the amount of IRC 125 on your w2. The IRC 125 is your pre-tax cafeteria plan and can encompass quite a few items. Tax Frequently Asked Questions - OPA states: The amount in the IRC 125 Box is subject to New York State and City taxes. The NYS income tax instructions direct the income tax filer to report wages as they appear on the W-2 in Box 1 then to add back the amount to arrive at New York State/City taxable wages.
The program asks you to identify which of the following is correct for your W2, select subject to NY tax.
- NY IRC 125/Sec 18 Subject to NY tax or
- NY IRC 125/Sec 18 tax exempt
@Hanson So sorry!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
