WebBox 14. Your employer may report your cafeteria plan deductions in Box 14, which is labeled “Other.”. It might use the code “Section 125” or “Café 125,” and then state your … WebDec 15, 2024 · A Section 125 'cafeteria' plan is so-called because you get to choose your benefits from a menu, like choosing food at a cafeteria. However, while the plan may offer many benefits, box 14 of your W-2 shows only the benefits that apply to you. Benefits within a Section 125 plan may include health, disability, accident and life insurance, dependent …
Publication 15-B (2024), Employer
Web29 rows · Mar 1, 2024 · Reporting on the Form W-2. Employers that are subject to this requirement should report the value of the health care coverage in Box 12 of the Form W … WebFeb 24, 2024 · What does cafeteria mean in section 14 of w2. Box 14 is often used to give the employee information about benefits the give, or deductions that have been made from your pay. My guess is that “cafeteria” refers to your benefit plan at work, and that the company gives you choices for health care, dental, life insurance,…. fix cord on yardman lawn mower
Cafeteria Plans - Advisories Aflac
WebJun 5, 2024 · Contributions to an employee's account by an employer using the amount of an employee's salary reduction through a cafeteria plan are treated as employer contributions." You should have no HSA deduction on line 13, because your HSA contributions were already removed from Wages in boxes 1, 3, and 5 on your W-2. WebLooking at the IRS guidelines for W2 forms and the HSA section, I found IRS documentation to support mhoran_psprep's answer. Employer's contribution should not appear in box 1, 3, nor 5 of the W2. Employee's contribution through a cafeteria plan that is believed to be excluded from income should not appear in box 1, 3, nor 5 of the W2. WebMar 21, 2024 · HSA Omitted From W-2 Form. When you look at your W-2, Box 12 should have a section that lists your HSA contributions along with the letter “W.” This is the code specific to HSA contributions ... fix core isolation windows 11