☰
✕
Sign In

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
New Member
posted Apr 9, 2022 1:48:34 PM

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

0 2 11184
1 Best answer
Expert Alumni
Apr 9, 2022 2:05:58 PM

 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.

2 Replies
Expert Alumni
Apr 9, 2022 2:05:58 PM

 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.

Level 2
Jan 12, 2024 9:01:01 AM

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.