What Is Section 125 On W2

What Is Section 125 On W2

What are section 125 plan deductions? Contributions to cafeteria plans are withheld on a pretax basis, thereby lowering taxable income, which means employees pay less in federal income. Cafeteria plans are also referred to as section 125 plans, after the section.

What are section 125 plan deductions? Contributions to cafeteria plans are withheld on a pretax basis, thereby lowering taxable income, which means employees pay less in federal income. Cafeteria plans are also referred to as section 125 plans, after the section.

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What is Cafe 125 on W2 - mind the tax