is after taxes a good thing or a bad thing? when my credit card is being taking out of my pay check?
2006-11-20 01:15:17 · 2 answers · asked by kate c 1 in Business & Finance ➔ Credit
When payments are made out of your check after taxes, this means that your income is being taxed before the payments come out. If it was pre-tax, that portion of your income would be considered non-taxable. Some paycheck deductions can be non-taxable such as certain insurances and retirement contributions however, I don't believe that a credit card payment would fall into the non-taxable category. In your case, there really is no "good or bad", it's just the way it is.
2006-11-20 01:26:35 · answer #1 · answered by koral2800 4 · 0⤊ 0⤋
This depends on whether there are items paid for on your credit card that could be a tax deduction.
2006-11-20 10:50:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋