What is Pre and Post tax deduction??

Question

I work for LAUSD and I wanted to know why there was a Pre and Post tax deduction on my pay check? Where is this money going?

Answer 1

As a former federal employee, my health insurance was a pre-tax deduction. This had the effect of reducing my salary by the amount of my share of the health insurance premium then not charging for the health insurance. Income tax was withheld based on my salary after the health insurance deduction not before. Another way of putting it is I automatically got an intemized tax deduction even though I could not itemize my medical expenses when I filed my tax return.

Answer 2

If all it says is pre and post tax deduction, you need to ask your payroll person or department. Pre tax just means it's something that can be taken out without taxes withheld on that amount of your paycheck - post tax means that taxes are already withheld - those terms don't say what the deduction is for. Check to be sure they aren't totals of your other deductions.

Answer 3

regrettably, the honest answer is: It varies. coverage deductions are no longer, by default, tax-unfastened. in the experience that your enterprise has a solid broking provider, they are going to be, given which you're able to have a factor one hundred twenty five. Likewise, even in the experience that your repayment would be taxed or no longer, relies upon on how they technique it. in the experience that your enterprise's HR branch is unquestionably prepared, on the ball, AND cares approximately you, it is going again exempt from tax.