What are the codes 401a, 125, and 132 in Box 14 on my W-2 form?
The numbers represent Internal Revenue Service code sections. 401a is your contribution to the FICA Alternative Plan. Section 125 consists of all before-tax deductions to health, life, dental, vision, flexible spending and other qualified plans. Section 132 consists of before-tax parking deductions. More information on these Internal Revenue Code sections may be found on the IRS website.
Related Questions
- Why did I receive a Form W-2 reporting a benefit of $3,000 in Box 10 when my employer set aside $3,000 in wages for dependent care under a dependent care benefit plan?
- Why could the wages in Box 1 of Form W-2 be greater than those in Boxes 3 & 5?
- Why is there a difference between Box 1 and Boxes 3 & 5 on my W-2 Form?
