Are Retirement Deductions Pre or Post Tax?

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.

Related Stories

About Author

Sarah Jenkins

Sarah Jenkins

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.

Read More →