What is a 125C deduction?

Add your answer...

1 Answer

A. Under section 125C of the IRS code, the IRS allows for certain employee paid deductions to be excluded from Federal Withholding, Social Security and Medicare taxes. Some examples of these types of deductions are the employee portion of medical and dental premiums, as well a flexible health spending, dependent care and some portions of employee paid life insurance. (i.e.
This link is broken. Help us!
Thanks for your feedback!

Related Videos

Not the answer you're looking for? Try asking your own question.