Employees now contribute pre-tax dollars to the TSP and pay taxes when they withdraw their savings.
In addition, as described earlier, certain expenses could be paid with pre-tax dollars within the corporation.
Pay your health, dental, and vision insurance premiums with pre-tax dollars.
The legislation also makes it possible for more individuals and businesses to buy insurance with pre-tax dollars, saving them money.
Employers buy health insurance with pre-tax dollars.
And you can pay your share of premiums as well as your out-of-pocket costs with pre-tax dollars.
Choosing to participate will often allow the employee to reduce their taxable income because they are paying or contributing with pre-tax dollars.
In traditional I.R.A.'s, by contrast, you use pre-tax dollars to contribute to the account, but your withdrawals are taxed.
A parking and transit account allows employees to pay parking or public transit expenses with pre-tax dollars up to certain limits.
And on and on - but do it legally with pre-tax dollars.