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.