W-2 box 14

Forum|Forum|3 years ago
January 18, 2023
6 replies
57 views

My W-2 has an amount in box 14 with a description of S125 for my health insurance premiums. The premiums are not subtracted from my box 1 income. S125 is not an option when entering box 14 in TurboTax, so how do I enter this amount?

TurboTax Free Edition Online

DoninGA

Level 15

Box 14 on a W-2 is used by employers to report various types of other information. If the dropdown for box 14 does not show a description specific to the entered description in box 14 then choose Other (unclassified) and then enter the amount.

Anonymous

I tried that, but it doesn't appear to be subtracted from my taxable income. The health insurance premiums should be subtracted from income since they are pre-tax benefits.

DoninGA

Level 15

@1772808 wrote:

I tried that, but it doesn't appear to be subtracted from my taxable income. The health insurance premiums should be subtracted from income since they are pre-tax benefits.

It those health insurance premiums are in fact pre-tax then it is your employer's responsibility to correctly reflect your gross income in box 1 of the W-2. If that premium payment is included in box 1 then you need to have your employer give you a corrected W-2.