What does S125 mean on w-2 box 14

Forum|Forum|6 years ago
June 7, 2019
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Best answer by AamilD

Yes, you will enter this information when entering your W-2 and TurboTax will automatically determine how it will impact your return and ask you any additional questions if needed.

AndreaC

Employee

That's there for informational purposes only. It doesn't impact your tax return. It's Section 125 or cafeteria plan amount. Probably your health insurance through your employer.

bb2kelly

Why is Turbo Tax carrying this figure to my KY schedule M Federal Adjusted Gross Income Modifications Line 14. I have been audited and now owe more taxes. Is this a problem with Turbo Tax state KY program?

dglas1

Do you have to report this information on Form 1040

AamilDAnswer

Yes, you will enter this information when entering your W-2 and TurboTax will automatically determine how it will impact your return and ask you any additional questions if needed.

cde421

but it is asking for a category (and says "needs info")...what category do i use?

Sabrinaekh

If I didn't opt in or pay for any benefits, why is there a dollar amount here?

Critter-3

@Sabrinaekh

Ask the employer what it is for since the box 14 entries can be almost anything that did not fit in box 12. They are informational only and don't affect the federal return at all.