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lojo9261
New Member

What is SEC125 on W2

What does SEC125 mean on a W2

1 Best answer

Accepted Solutions
jerry2000
Alumni

What is SEC125 on W2

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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3 Replies
jerry2000
Alumni

What is SEC125 on W2

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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SweetieJean
Level 15

What is SEC125 on W2

Also referred to as a Flexible Benefits plan.
mel4487
New Member

What is SEC125 on W2

Why can’t you deducted when you are paying for it?
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