PRE-TAX INSURANCE DEDUCTIONS
EasyAcctwhat code do we use on pre tax health insurance deductions for it not to be taxed?
what code do we use on pre tax health insurance deductions for it not to be taxed?
The code is going to correspond to how it should be coded on the W-2. For instance, section 125 plans are coded with a W. Code 12W (E) is subject to tax, and 12W (I) is tax exempt. Here are some helpful online aricles that can help guide you in making sure your withholding item is setup correctly: