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Does taxable medicare and taxable social security income decrease for pre tax deductions (such as 401k, flex spending) in the same way the federal taxable income decreases?

2007-09-13 11:04:19 · 4 answers · asked by Numbers 2 in Business & Finance Taxes United States

4 answers

Some of them do, and some of them don't.

2007-09-13 13:18:32 · answer #1 · answered by Anonymous · 1 0

No, those jwould just affect income taxable amount.

2007-09-13 15:31:33 · answer #2 · answered by Judy 7 · 0 0

No, for 401(k).

Yes, for section 125, health insurance, flex spending, section 132f, etc.

2007-09-13 12:08:27 · answer #3 · answered by Plea_of_insanity 5 · 2 0

No. SS and Med taxes are not reduced by pre-tax deductions.

2007-09-13 11:16:40 · answer #4 · answered by Bostonian In MO 7 · 0 1

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