Are are Retirement Deductions Pre or Post Tax a topic you are researching? Read the full story in our feature story.
Contributions to group-term life insurance are pretax deductions for federal income tax withholding, FUTA, and FICA. The catch: Only the first $50,000 of coverage is considered a pretax deduction for FICA. The key to getting pretax deductions right is determining the taxable wage base for every payroll tax.
Sarah Jenkins
Senior Technology Editor & AI Specialist
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.