Deduction Code Names

While you’re free to name a deduction code anything you’d like, here are names that we typically recommend:

Benefit Type Deduction Code Name
Medical Insurance Medical Pre-Tax
Dental Insurance Dental Pre-Tax
Vision Insurance Vision Pre-Tax
Health Savings Account (HSA) HSA Pre-Tax
Flexible Savings Account (FSA) FSA Pre-Tax
401k 401k
Roth 401k Roth 401k
401k Employer Match 401k ER Match
Life Insurance Life Post-Tax
Long Term Disability (LTD) LTD Post-Tax
Short Term Disability (STD) STD Post-Tax
Transit Commuter Transit Pre-Tax
Transit Post-Tax
Parking Commuter Parking Pre-Tax
Parking Post-Tax
Cancer Insurance Cancer Insurance Post Tax
Accident Insurance Accident Insurance Post Tax
Critical Illness Insurance Critical Illness Insurance Post Tax
Hospital Indemnity Insurance Hospital Indemnity Insurance Post Tax

Please contact your tax advisor for advice on benefits taxability when setting up your deduction codes as pre-tax or post-tax.

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