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January 23, 2025
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what is pre tax deduction?

  • January 23, 2025
  • 1 reply
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    Best answer by DoninGA

    Pretax deductions are taken from an employee's paycheck before any taxes are withheld. Because they are excluded from gross pay for taxation purposes, pretax deductions reduce taxable income and the amount of money owed to the government.

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    DoninGA
    DoninGAAnswer
    Employee
    January 23, 2025

    Pretax deductions are taken from an employee's paycheck before any taxes are withheld. Because they are excluded from gross pay for taxation purposes, pretax deductions reduce taxable income and the amount of money owed to the government.