HR Fast Facts: Which Benefits Are Typically Pre-tax?

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.

This communication is for informational purposes only; it is not legal, tax or accounting advice; and is not an offer to sell, buy or procure insurance.

This post may contain hyperlinks to websites operated by parties other than TriNet. Such hyperlinks are provided for reference only. TriNet does not control such web sites and is not responsible for their content. Inclusion of such hyperlinks on TriNet.com does not necessarily imply any endorsement of the material on such websites or association with their operators.