Health Plan Tax Deductions Made Simple with Section 125 Programs
Health plan tax deductions play a major role in reducing employees’ tax liability. These deductions enable an employee to avail of certain medical benefits and deduct them from the overall payable tax amount. These deductions not only save on tax but also significantly reduce the cost of medical bills. Besides, an enhanced Section 125 health […]
What Are Pre-Tax Deductions and Contributions?
Understanding Pre-Tax Deductions and Contributions Pre-tax deductions and contributions are powerful tools that help employees and employers save significant amounts of money each year. By using benefits that are deducted before taxes are applied, both parties lower their taxable income — ultimately keeping more money in their pockets. At BrightPath, we help businesses take this […]