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by august on June 28th, 2009

august

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What is pre tax HB? Do i need to put on my taxes

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  • by Sherri on July 1st, 2009

    Sherri

    Pre Tax HB is money subtracted FROM your pay before the pay is taxed. No, it does not go on your taxes as it really doesn't exist. Example, you earned $500 this week. You pretax HB is $100, making your TAXABLE income $400! Make sense? It's a great way to go and I applaude your employer for this employee benefit!

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