Question

Live in NJ and work in NY. Reporting Cafe 125 contributions as wage in NJ return and Health Care premiums as medical deduction in Other Wage Adjustment - W-2

Forum|Forum|3 years ago
April 10, 2023
1 reply
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Live in NJ and work in NY so (box 1 and 16 are same amount)

For NJ return, in "For 'other wage adjustments - w-2", I need to;

- Report all Cafe 125 contributions (health care premium/dental/vision/fsa/commuter) as wage

Medical Expenses section;

- Report health care premium as Medical Deduction under "New Jersey medical insurance premiums included in your New Jersey wages but not in your..."

Is this correct? Thank you!

TurboTax Premier Online

D

DianeW777

Yes, report all Cafeteria Section 125 contributions as income for New Jersey(NJ) taxable income. Medical insurance premiums are pretax for federal but after tax for the state, so they can be added to the medical expense deduction on the New Jersey tax return.

NJ Medical Expense Deduction

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R

raltmann2020

What about unspent medical Flex Spending Account funds? For example, if my employer withheld $1,000, but I only spent $700 in the same year; and I spend the remaining 300 the following January? How much can be included in my NJ itemized medical expenses?

B

BillM223

Did your employer allow a carryover of your health FSA funds? That is, to which year did these $300 in FSA funds spent in January belong: 2023 or 2024?

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