This sounds like your employer paid more than 5,250 towards your loans.
I read this as your employer saying that they excluded 5,250 from your wages but included the excess.
Is that what happened? Did they pay more than 5,250 so included the difference as income? if that is the case, there is nothing you need to do because your W-2 has already accounted for that 5,250 by not including it in your income.
It sounds to me that they are just letting you know that they aren't reporting the 5,250 but explaining that they did need to include the amount that was over 5,250.
Only the [employer student loan payment] contribution amount in excess of $5,250 will be counted as taxable income and included in your federal taxable gross wages.
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