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jnfox20131
New Member

WHAT IS A CAFETERIA PLAN

 
2 Replies
jerry2000
Alumni

WHAT IS A CAFETERIA PLAN

Generally that is an employee benefits plan which allows you to pay for medical/dental/vision insurance with pre-tax money. That means that the money is not taxed and is not included in your taxable income shown in Box 1 of your W-2. Since the insurance premiums are payed with pre-tax money, you can not deduct them as medical expenses.
SweetieJean
Level 15

WHAT IS A CAFETERIA PLAN

AKA Flexible Benefits or [IRC] Section 125 plan.

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