Web02-08-2024 12:14 PM. The CAF 125 does not change the way the return is prepared and/or filed. It's a deferment (pre-tax) of the employee's wage and should already be subtracted from the total amount reported in Box 1 of the W-2. 1. 12:17 PM. It stands for Cafeteria 125 Plan. Its informational only. WebNote: Since your browser does not support JavaScript, you must press the Resume button once to proceed.
What Is
WebApr 24, 2024 · What is sec125 on W2? SEC 125 is your employer’s benefit plan. It is also known as a “cafeteria plan”. ... Box 14 of the W-2 statement likely has a dollar amount listed with the 414(h). ... (taxable) deferred compensation plan. Box 12 — Various Form W-2 Codes on Box 12 that reflect different types of compensation or benefits. A ... WebApr 5, 2024 · In some instances, an employer may have erroneously reported amounts in Box 12 that should have been reported in Box 14. If the amounts reported on the electronically filed Form W-2 and Form IT-201 disagree, the processing of the return will be delayed and may cause the return to be rejected. east suffolk rams zones
FAQs for government entities regarding Cafeteria Plans
WebJan 7, 2024 · Both the 414(h) retirement contributions and IRC 125 benefit plan amounts are reported to you in box 14 of your Wage and Tax Statement (Form W-2). Updated: … WebFor tax years 1998 and after, most agencies can print replacement W-2s for their employees. OPA will continue to provide duplicate W-2s for prior years. Download the W-2 Duplicate Request form or call OPA at (212) 669-8555 to have it faxed to you. You may mail or fax your request to OPA as noted on the form. WebPage 1 of 34 14:39 - 29-Dec-2024 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing. ... Form W-2 Reference Guide for Box 12 Codes . Form W-2 Box 13 Retirement Plan Checkbox Decision Chart. Nonqualified Deferred Compensation Reporting Example Chart. Index. … east suffolk planning office