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Posted

Can someone tell me if Box 5 on the Form W-2 includes Section 125 deferrals?

Thank you!

Posted

Nope. If you're looking for gross comp for plan purposes, you'll need to request that from the plan sponsor. They probably have a payroll report they can pull.

Posted

So the box 5 does not include the Section 125 wages - they will need to add the box 5 and Section 125 wages correct?

Thank you.

Posted

Yes, you add medicare wages to section 125 to get gross. What are you trying to get from W-2?

JanetM CPA, MBA

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