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2. 4 Ways To Find Tax Deductions That Work For You in 2024 - AOL

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

   According to the IRS, deductions lower your income before you calculate the tax you owe. Most people take the standard deduction of $13,850 for single individuals or $27,700 for married couples ...

3. 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.

4. Above-the-line deduction - Wikipedia

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

   t. e. 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. A taxpayer's gross income minus his or her ...

5. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   Most states allow non-business deductions in a manner similar to federal rules. Few allow a deduction for state income taxes, though some states allow a deduction for local income taxes. Six of the states allow a full or partial deduction for federal income tax. In addition, some states allow cities and/or counties to impose income taxes.

6. Federal Employees Retirement System - Wikipedia

   en.wikipedia.org/wiki/Federal_Employees...

   Federal Employees Retirement System. The Federal Employees' Retirement System ( FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2]

7. Employer transportation benefits in the United States - Wikipedia

   en.wikipedia.org/wiki/Employer_transportation...

   Tax-free commuter benefits, also known as qualified transportation fringes, are employer provided voluntary benefit programs that allow employees to reduce their monthly commuting expenses for transit, vanpooling, bicycling, and work-related parking costs. The benefit is a federal tax benefit authorized under the Internal Revenue Code Section ...