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  2. Understanding Pre-Tax vs. Post-Tax Deductions. Pre-tax deductions are when your employer pulls money out of your check before the IRS gets its claws on its share of your income.

  3. Do You Know What’s Being Deducted From Your Paycheck? - AOL

    www.aol.com/know-being-deducted-paycheck...

    When you make contributions to a pre-tax plan such as a traditional 401k or 403b plan, that portion of your paycheck isn’t subject to income tax withholding. However, you still pay payroll...

  4. Cafeteria plan - Wikipedia

    en.wikipedia.org/wiki/Cafeteria_plan

    Though some cafeteria plans offer an explicit choice of cash or benefits, most today are operated through a "salary redirection agreement", which is a payroll deduction in all but name. Deductions under such agreements are often called pre-tax deductions .

  5. Above-the-line deduction - Wikipedia

    en.wikipedia.org/wiki/Above-the-line_deduction

    In the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his or her gross income in arriving at "adjusted gross income" for the taxable year. These deductions are set forth in Internal Revenue Code Section 62.

  6. Payroll - Wikipedia

    en.wikipedia.org/wiki/Payroll

    Pre-tax deductions are deductions that are taken out of an employee's gross pay amount before it is subject to tax. [7] and could include health, dental, or life insurance, deductions for certain retirement accounts , or deductions for FSA or HSA accounts.

    • Taxes 2023: Here's how to know if you should itemize
      Taxes 2023: Here's how to know if you should itemize
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    • Taxes 2023: Here are the biggest tax changes this year
      Taxes 2023: Here are the biggest tax changes this year
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    • Some might see a bigger 2024 tax refund after inflation adjustments
      Some might see a bigger 2024 tax refund after inflation adjustments
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    • Taxes: Here are the federal tax brackets for 2023 vs. 2022
      Taxes: Here are the federal tax brackets for 2023 vs. 2022
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  7. 4 Ways To Find Tax Deductions That Work For You in 2024 - AOL

    www.aol.com/finance/4-ways-tax-deductions-2024...

    You can deduct certain expenses whether you take the standard deduction or itemize. To find out what tax deductions you can claim, you should understand what’s available to you.