Here's a list of items that currently qualify as pre-tax deductions:
- Healthcare Insurance.
- Health Savings Accounts.
- Supplemental Insurance Coverage.
- Short-Term Disability.
- Long-Term Disability.
- Dental Insurance.
- Child Care Expenses.
- Medical Expenses and Flexible Spending Accounts.
How do I know if my deduction is pre-tax?
For taxpayers enrolled in employer-sponsored health plans, determining if health premiums are pre-tax is as easy as viewing the pay stub and looking for a column labeled “Deductions,” “Before-tax Deductions” or something similar.
What are some pre-tax benefits?
Eligible benefits that are commonly pre-taxed are:
- Flexible Spending Accounts (FSAs)
- Health Savings Accounts (HSAs)
- Cancer insurance.
- Accident insurance.
- Dental and vision insurance.
