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2. Understanding Pre- and Post-Tax Deductions on Your Paycheck - AOL

   www.aol.com/news/understanding-pre-post-tax...

   In other cases, pre-tax deductions only delay your tax obligations — 401(k) contributions, for example, are taxed when you begin making withdrawals in retirement later down the road.

3. Cafeteria plan - Wikipedia

   en.wikipedia.org/wiki/Cafeteria_plan

   Universal basic income. v. t. e. A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest such plans that allowed employees to choose between different types of benefits, similar to the ability of a customer to ...

4. Is your W-2 tax form less than your salary? - AOL

   www.aol.com/article/finance/2019/02/06/is-your-w...

   Income for Medicare taxes (box 5) generally includes taxable benefits and does not include pre-tax deductions, nor does this income have a cap like Social Security. Usually, box 5 is the highest ...

5. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   Tax deduction. A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both ...

6. 4 Ways To Find Tax Deductions That Work For You in 2024 - AOL

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

   Taxpayers can take advantage of numerous tax deductions, also known as tax write-offs, to lower their tax bill or receive a refund from the IRS come tax season. Learn More: Trump-Era Tax Cuts...

7. Form W-2 - Wikipedia

   en.wikipedia.org/wiki/Form_W-2

   Form W-2 (officially, the " Wage and Tax Statement ") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. [1] Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship.