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  2. 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. Employer transportation benefits in the United States - Wikipedia

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

    An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.

  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. W-2 Form: What It Is and How It Works - AOL

    www.aol.com/w-2-form-works-223626479.html

    Each section of a W-2 serves a specific tax-filing purpose. The IRS provides extensive instructions that are updated annually for the more complicated entries on the form. W-2 vs. W-4

  6. Cafeteria plan - Wikipedia

    en.wikipedia.org/wiki/Cafeteria_plan

    Personal finance. 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 choose among ...

  7. 457 plan - Wikipedia

    en.wikipedia.org/wiki/457_plan

    457 plan. The 457 plan is a type of nonqualified, [1] [2] tax advantaged deferred-compensation retirement plan that is available for governmental and certain nongovernmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre tax or after-tax (Roth) basis.

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