Solved

What is box 14 code s125 for and did it lower my tax refund

Forum|Forum|7 years ago
June 1, 2019
1 reply
0 views

No text available

TurboTax Deluxe Online

Best answer by Celery63

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.

C

Celery63Answer

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.

T

takumsa

But it does reduce your refund on your State taxes. At least for NJ. Pls confirm or correct. Thx.

B

BillM223

"But it does reduce your refund on your State taxes"

Yes, contributions to section 125 cafeteria plans are not deductible in New Jersey. Since these amounts were removed from your federal income, they have to be added back to New Jersey income.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"