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Section 125
When going through Turbo Tax, I'm asked how both the Section 125 amount and the LTD amount (both in Box 14) on my W2 are classified. Several of the classifications refer to states other than Indiana where I worked. Which of the following would be the most accurate classification for each?
-State deductible employee expense
-Wages for SDI, VPDI, TDI, UI, etc.
-Code U, V, W, X, Y, Z
-Other deductible state or local tax
March 31, 2021
8:28 AM