W2 Box 14 S125 Code 69 - OpenSIPS Trunking Solutions
Overview
Jan 22, 2021 · s125 refers to a section 125 plan which describes payroll deductions for some employee benefit. Read also: Unidentified Ginger Leak: Prepare For A Mind-Blowing Revelation
Ret probably describes a contribution to a retirement plan. Read also: FakeHub The Wish Makers: Your Questions Answered (Finally!)
This doesn’t apply to section 125 contributions.
If it is an employee benefit that has already been removed from wages in box 1 , then, choose a category of other.
Apr 9, 2022 · sec 125 is your employer's benefit plan.
It is also known as a cafeteria plan.
This can make it difficult to determine what the information entered in that box means.