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MequonCPA, Certified Public Accountant (CPA)
Category: Tax
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Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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Section 125 deductions are exempt from which tax?

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Section 125 Cafeteria Plan Deductions are exempt from which employment taxes (Income Tax, Social Security, Medicare, and Federal Unemployment)? If not exempt, can you tell me which tax?

Amounts that have been deducted from your paycheck for Section 125 contributions are exempt from Federal Income Tax, Social Security, Medicare and Federal Unemployment. See page 2 of the IRS Publication 15B, link below.

http://www.irs.gov/pub/irs-pdf/p15b.pdf

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