HR Fast Facts: Which Benefits Are Typically Pre-tax?
Is dental insurance pre-tax? Is vision insurance pre-tax? Find out here.
Here’s a list of benefits that are typically deducted from employees before taxes are calculated:
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Health Savings Account (HSA)
- Flexible Savings Account (FSA)
- 401(k)
- Commuter Benefits (Parking and Transit) can either pre-tax or post-tax, so a full set (Transit Pre-tax, Transit Post-tax, Parking Pre-tax, Parking Post-tax) should be created.
Please contact your company’s tax advisor for advice on determining the taxability of specific deductions as pre-tax or post-tax. To set-up pre-tax or post-tax deductions, please contact your payroll provider.
