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Box 14 - Sec125. Should I enter in tax return?

Asked Feb 2, 2008, 08:52 PM — 1 Answer
Hello,

I have an entry in Box 14 on my W2 for Sec125. I think it is Health Insurance for my spouse which I added in March 2007.
I am however not sure if I should add that while filing my returns? How will that affect my total refund?
I am using Taxact online filing and have an entry for Box 14 but it states it as Railroad taxes. I don't think it is that.

BTW: I am married filing jointly with my spouse. I am the only earning partner for last year. I am on H1 and my spouse on EAD.

Looking forward to your reply. Much appreciated.

--Sreeja

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AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,886, Reputation: 3728
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#2

Feb 4, 2008, 09:06 AM


Sreeja:

You do NOT add it to your return. The Sec125 refers to the IRC section which allows you to pay health insurance premiums with pre-tax dollars.

Just ignore it; it is NOT relevent to your efiled reurn.
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