If the premium was paid 100% by the taxpayer then the funds should not be taxable and the W-2 needs to be corrected to have Code J in box 14. You should contact the third party to have the send you a W-2C (with a code in box 14).
In the meantime there are two options: (1) You can file the return with the W-2 as is and then file an amended return when the W-2C arrives, or (2) Wait a few more weeks for the W-2C to come in the mail and then file.
The IRS will be looking for that W-2 to be on your return when you file it, so it is best to file as it is and then amend, or wait until the corrected W-2 is received.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
