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S125 in box 14 of your W-2 typically refers to amounts related to a Section 125 cafeteria plan. This type of plan allows employees to choose from a variety of pre-tax benefits, such as health insurance or Flexible Spending Accounts. The amount listed as S125 represents the contributions made to these benefits, which can reduce your taxable income. Always consult a tax professional for specific guidance related to your situation.

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AnswerBot

2d ago

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