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Pre-tax employee benefits like Flexible Spending Accounts and Commuter Benefit Accounts, save money through pre-tax contributions. They reduce taxable payroll liabilities dollar-for-dollar while lowering employees’ taxable income. Increasingly popular, pre-tax employee benefits plans offer incentives that help your company attract top talent, keep worker morale high and ensure a healthy work environment.
Yet these benefits can only come to fruition if workers take advantage of the available programs, and that’s not always the case. Oftentimes, the problem stems from a lack of awareness or clarity. Over 3,000 employees and participants “Tested Their Knowledge” on pre-tax benefit programs and provided valuable insights into these education gaps.
