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barblec
New Member

How do I answer the question to: Enter the New York City flexible benefits fund program amount that is allocable to New York State.

What is IRC 125?
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1 Reply
LenaH
Employee Tax Expert

How do I answer the question to: Enter the New York City flexible benefits fund program amount that is allocable to New York State.

The IRC 125 is the amount of your cafeteria plan(s) that may be shown in Box14 of your W-2. They are pre-tax payroll deductions for certain medical and dependent care expenses. Please go back to you W-2 and enter the amount of your IRC 125 on the NYS screen shown below. If you do not have NYC flexible benefits allocable to NYS, then you should enter $0

 

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