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Are section 125 premiums included in your gross wages for the year on your W2?

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Are section 125 premiums included in your gross wages for the year on your W2?

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  1. They do not show in Box 1 of the W-2 which is what you pay income tax on.  So the answer is NO.  That is the whole point of section 125 payments - it is done with pre-tax money so you are saving somewhere between 0 and 30% of the cost depending on your tax bracket.

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