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Box 14 on my w2 shows SEC 125. What is this?

 
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PattiF
Expert Alumni

Box 14 on my w2 shows SEC 125. What is this?

 SEC 125 is your employer's benefit plan. It is also known as a "cafeteria plan". Usually, what is reported there is your medical insurance premiums that are paid with pre-tax income. They are not taxed and are not included in your W-2 Box 1 wages so you can not deduct them as medical expenses.

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2 Replies
PattiF
Expert Alumni

Box 14 on my w2 shows SEC 125. What is this?

 SEC 125 is your employer's benefit plan. It is also known as a "cafeteria plan". Usually, what is reported there is your medical insurance premiums that are paid with pre-tax income. They are not taxed and are not included in your W-2 Box 1 wages so you can not deduct them as medical expenses.

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

Box 14 on my w2 shows SEC 125. What is this?

What is the turbotax reply to the Box 14 and supplemental statement, category reply?  

 

     Box 14. This box is used to provide the following information:
     Section 125 (cafeteria plan) pretax benefits program for insurance premiums and/or medical  reimbursements. The amount is not included ni boxes ,1 3, or 5.

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