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pant_mahendra
March 10, 2025
Question

Hi - Can someone point me where can I find the value to be entered for "NYC flexible benefits program (IRC 125)" in NY returns IT-203? Is this the line 14 of W-2?

  • March 10, 2025
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    1 reply

    LenaH
    LenaH
    March 10, 2025

    Yes, typically the IRC 125 would be on Line 14 of your W-2. It is the amount of your cafeteria plan(s) that are pre-tax payroll deductions for certain medical and dependent care expenses. Please go back to you W-2 and enter the amount of your IRC 125. If you do not have NYC flexible benefits allocable to NYS, then you should enter $0. 

     

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