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chrobotj
New Member

Section=StateTaxes,MedicalExpenses.Should I put amount from W-2_Box14_Other=Sec.125 in "NJ MedicalInsuracncePremiumsIncludedInYourNJwagesButNotInYourFederalWages..."?

FYI: Field="New Jersey Medical Insuracnce Premiums Included In Your New Jersey wages but not in your federal wages on your W-2 and not deducted on federal Schedule A". Wage in W-2 Box1 is less than in W-2 Box 18.
1 Reply
ChristinaS
New Member

Section=StateTaxes,MedicalExpenses.Should I put amount from W-2_Box14_Other=Sec.125 in "NJ MedicalInsuracncePremiumsIncludedInYourNJwagesButNotInYourFederalWages..."?

You deduct your Section 125 medical premiums on your NJ return only, because NJ taxes you on them.

Enter the premiums on your NJ return. Medical expenses over 2% of your income are deductible on the NJ return, so most people see a small benefit.

You don't deduct Section 125 medical on your federal return, cause the federal government does not tax you on them.

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