Why Are Pre-Tax Deductions Taken From My Pay? скачать в хорошем качестве

Why Are Pre-Tax Deductions Taken From My Pay?

Ever wonder why part of your paycheck vanishes before taxes are even calculated? These are pre-tax deductions, and understanding them is key to truly grasping your compensation and maximizing your take-home pay. In this video, you'll discover: ► What pre-tax deductions are and how they reduce your taxable income. ► The tax advantages the government offers for specific benefits like health insurance or 401(k) contributions. ► Strategies to optimize your benefits enrollment, like employer-matched 401(k)s and FSAs. ► The concept of "tax deferred growth" in retirement accounts and its long-term benefits. ► That while federal income tax is reduced, FICA taxes (Social Security and Medicare) are generally unaffected. #PreTaxDeductions, #Payroll, #TaxSavings, #PersonalFinance, #EmployeeBenefits, #FinancialLiteracy, #MoneyManagement, #LaborLawExpert