TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

New York State Resident - IRC125 in W2 Box 14 says $5034, but I only contributed $3300 to my employer sponsored FSA

Forum|Forum|4 months ago
March 9, 2026
1 reply
172 views

I'm a NY State resident (unfortunately) and my W2 has in box 14 for IRC125 $5034 listed. But I only contributed $3300 in my 2025 employer FSA account (used it all by the way in year 2025).

What could the additional difference of $1734 be for?

If FSA is supposed to be tax free for medical expenses (Feds not taxing apparently), why does NY tax it?

I want to make sure that I don't submit an amount for IRC125 that will tax me, when maybe I shouldn't be taxed for some or all of it?

Thank you.

Frank S.

Avayatech

Level 15

It depends. To answer your question, IRC 125 is the federal rule that allows employers to offer “cafeteria plans,” which let you pay for certain benefits with pre‑tax dollars. These can include:

Medical FSA contributions
Dependent care FSA contributions
Pre‑tax health insurance premiums
Dental/vision premiums
Transit/parking benefits (if run through the plan)
Other employer‑specific pre‑tax benefit elections

More than likely, the $5,034 on your W‑2 is not your FSA alone. It is the total of all your pre‑tax cafeteria‑plan deductions.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"