What Does It Really Mean to Be Tax-Advantaged or Pre-Tax?

What Does It Really Mean to Be Tax-Advantaged or Pre-Tax?

The taxman has arrived, with tax season upon us, you may be wondering what it means for an account or benefit to be pre-tax or tax-advantaged. These terms refer to financial benefits—such as retirement accounts, commuter benefits, and child care savings—that offer tax incentives to help you save money. Pre-tax benefits reduce your taxable income … Read more