WebThe amounts for these programs, covered under Section 125 of the IRS code, are reflected in Box 14, IRC125. The amount for DeCAP is shown also in Box 10. They are not subject to federal, Social Security, and Medicare taxes. The reduction in earnings shows on your W-2 but not on your pay statement. WebApr 27, 2024 · What does s125 mean on w2 Box 14? Box 14 s125 is for the amount of premiums that you paid tax free under an employer’s Section 125 (or Cafeteria) benefits plan. It does not reduce your refund. What is Section 125 payroll deduction?
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WebEven though the description in Box 14 of your W-2 may not match a selection from the drop-down menu in your account exactly, the codes may represent the same thing. We have … WebCREATIVE OPTIONS-Micro Double Utility Box. This double sided organizer is great for storing small items, including beads and more. This package contains one 4.375x3x1.25 inch double sided organizer with fourteen fixed compartments. Color: Clear. Made in USA. Report Product. paisley and district school football
How are my pre-tax benefit program deductions shown in my W-2?
WebWhat Do the Numbers Mean? Box 14 of the W-2 statement likely has a dollar amount listed with the 414 (h). This is the number of funds that were contributed to the retirement plan. The 414 (h) funds are not taxable. This means that they are removed from the paycheck and placed in the special retirement savings account prior to taxes being assessed. WebApr 25, 2024 · Box 14 s125 is for the amount of premiums that you paid tax free under an employer’s Section 125 (or Cafeteria) benefits plan. Are Section 125 plans taxable? A cafeteria plan, also known as a section 125 plan, is a written plan that offers employees a choice between receiving their compensation in cash or as part of an employee benefit. WebThe State of New Jersey utilizes Box No. 14 of the W-2 Statement to provide its employees with information regarding items that may or may not impact the calculation of taxable wages appearing in Boxes 1, 3, 5, and 16. Below you will find a brief explanation of the items that are contained in Box 14. sullatober hrc