- NEW!
by milanilynda@yahoo.com on January 25th, 2010
S125 is for Section 125 of the tax code. It is commonly called a cafeteria plan. This would be pre-taxble payments for supplemental insurance or health insurance. It reduces your gross income, thereby reducing the amount of income tax, social security and medicare that you pay and also saving your employer their portion of social security, medicare and FUTA (unemployment) tax. It IS reported in Box 14 but is not used anywhere on your 1040 form and is only for informational purposes only.
by Sherri on January 28th, 2009
It shouldn't be in box 14, should be in box 12 and it's money you put into a deferred plan, as in medical. '125' are typically called cafeteria plans.
Where do I get a copy of my W-2?
by Answerbag Staff on March 18th, 2011
| 1 person likes this
What is box 12a on your W-2?
by Answerbag Staff on March 9th, 2011
| 1 person likes this
When do you get your W-2 forms?
by Answerbag Staff on March 4th, 2011
| 1 person likes this
on my w-2 does the whole amount of the oasdi and fed med tax add together and go under social security tax
by shoosmom on January 12th, 2011
| 1 person likes this
is there a way i can e-file a return if there is a code r in line 12 of my w-2 form?
by Guy_E on February 2nd, 2011
| 1 person likes this
You're reading What does S125 in box 14 on the W2 form mean?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments