What Is Section 125 On W2 - OpenSIPS Trunking Solutions
Overview
What are section 125 plan deductions? Read also: 5 Things You Didn't Know About This Knoxville Craigslist Find
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.