Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Feb 24, 2022 8:01:21 PM

125 PL Box 14

My wife has 125 PL in Box 14.   It's her health care plan as reported by her employer.   But Turbotax doesn't have a choice for Health Care plan.   I have selected Other (not classified) .  

 

Is this going to be an issue?

0 2 884
1 Best answer
Expert Alumni
Feb 24, 2022 8:14:17 PM

No, that is fine. 

Its a 125 plan offered at her place of employment.

It has no tax relevance. 

 

Usually, box 14 is only used for your company payroll department. 

In this case, Tax Software does not even use it. 

 

SOMETIMES Box 14 is used for one of the categories on the drop-down list and it is an additional tax or deduction. For example, some Pennsylvania employees have to pay an unemployment tax, and that tax is listed in Box 14. 

 

Most employees subject to these additional taxes are aware of it and know to select the correct category for box 14. 

 

Your box 14 is reporting something that is simply informational to you and your employer. Select "Other" or leave all Box 14 blank. 

2 Replies
Expert Alumni
Feb 24, 2022 8:14:17 PM

No, that is fine. 

Its a 125 plan offered at her place of employment.

It has no tax relevance. 

 

Usually, box 14 is only used for your company payroll department. 

In this case, Tax Software does not even use it. 

 

SOMETIMES Box 14 is used for one of the categories on the drop-down list and it is an additional tax or deduction. For example, some Pennsylvania employees have to pay an unemployment tax, and that tax is listed in Box 14. 

 

Most employees subject to these additional taxes are aware of it and know to select the correct category for box 14. 

 

Your box 14 is reporting something that is simply informational to you and your employer. Select "Other" or leave all Box 14 blank. 

Level 3
Feb 24, 2022 8:18:54 PM

Thanks!!!!!!