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On your paychecks, are pre-tax deductions the only way to decrease federal taxes?
On your paychecks, are pre-tax deductions the only way to decrease federal taxes? Hypothetical numbers: Gross pay (weekly) - $3500 Pre-tax per paycheck (22% of gross pay) - $770 Federal taxes per paycheck (20% of gross pay) - $700 Net pay (weekly) - $2030 Pre-tax includes health insurance, contributions to a health savings account (maxed out), vision, dental, retirement, limited HSA, etc. Federal tax is income tax, medicare, ...
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