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GEEVEE

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SEC125 in Box 14 of W2

My wifes W2 shows Sec125 deduction of $2880.00 in Box 14 of the W2. Is this a deductible expense like state unemplyment insurance contribution?

GEEVEE

(Asked 02/05/09, Views 136)

Question has been solved by TurboTaxHenry

Answers (1)

TurboTaxHenry

Pro

Box 14 - GHI (IRS Sec. 125), is the non taxable group health insurance which you paid. You should not itemize this as a deduction on your income tax return as it has already been subtracted from Federal, State, Social Security, and Medicare taxable wages on your W-2 form and throughout the calendar year on your paychecks.

(Posted 02/05/09)

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