Is caf125 plans taxable in nys?

Yes, CAF125 plans, which refer to certain cafeteria plans under Section 125 of the Internal Revenue Code, can have taxable implications in New York State (NYS). Generally, contributions to these plans, including health insurance premiums and other benefits, are made on a pre-tax basis, reducing taxable income at the federal level. However, specific benefits or certain types of contributions may be subject to state taxation. It's advisable to consult a tax professional for detailed guidance based on individual circumstances.