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125 Plan annual maximum limit


Guest Laura Browne
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Guest Laura Browne

I received from MHM Resources today their latest flex flash listing indexed figures for 2004. The 3rd paragraph states: "The exclusion from income provided through an employer or a Section 125 Cafeteria Plan also has a $10,390 limit for the 2004 taxable year."

I have been administering flex plans for over 5 years and have never heard of this one. Did I miss the boat completely or is this something new?

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Guest JerseyGirl

I think MHM had a typo or perhaps left out a few *key* words. The limit they refer to only applies to Adoption Assistance Programs.

So don't worry--- you didn't miss the boat-- that ship never sailed!!

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