Cafeteria 125 Deductions Explained: Are You Missing Out on Tax Savings?
When reviewing your stipend, you may have noticed a line labeled cafeteria 125 deductions. For numerous workers, it’s just another deduction that reduces take- home pay. But in reality, cafeteria 125 deductions are part of a larger system called 125 plans, which can give significant duty advantages while helping you manage healthcare, dependent care, and other hand benefits. ...
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