If you expect your tax rate to be higher in the future, a Roth account may offer the most long-term benefits. On the other ...

Tax season usually brings a refund check for most workers, but if you're retired, you could wind up owing the IRS.

Under the Employee Retirement Income Security Act (ERISA), your 401 (k) funds are typically protected from creditors and ...

Klaus Vedfelt / Getty Images A cafeteria plan is a benefits program where employees can select from different pre-tax options to lower their taxable income. What Is a Cafeteria Plan? A cafeteria ...

Contributions to 401(k)s and traditional IRAs are pre-tax, so you benefit from immediate tax deductions. Earnings are tax-deferred; you will be responsible for paying income taxes on ...

Commuter benefits, where a certain amount of an employee's pre-tax salary goes into a separate account each month, are traditionally offered by employers to offset the costs of trains, buses and ...

The average tax refund last year was around $3,000, which is a nice chunk of change to get as a windfall. However, it’s easy ...

W2s are available in the HR Direct during the week of January 19, 2024. For federal tax purposes, the following pre-tax benefits are excluded from the gross taxable federal wages in Box 1 (Wages, Tips ...

If your child has earned income, they can contribute to a Roth IRA. Opening a Roth IRA for kids can significantly change ...

Benefits of IRA accounts One of the biggest benefits of contributing to an IRA is the tax advantages. Since IRAs can be funded with either pre-tax (traditional IRA) or after-tax (Roth IRA), you ...

The program allows you to have the cost of your commuting expenses taken from your check. All deductions are taken on a pre-tax basis from your check. Please visit the HR Benefits website for more ...