Your contributions are made with after-tax dollars, as you are not permitted to claim an income tax deduction for your contributions. This means that any portion of future withdrawals that represent your contributions will come out tax-free even if the earnings portion is taxable.

Yes. You do not have to wait for open enrollment to make changes to your 403(b). To make changes, you have to submit a completed Salary Reduction Agreement Form [SRA].

Yes, you can make contributions to both a designated Roth account and a traditional, pre-tax account in the same year in any proportion you choose. However, the combined amount contributed in any one year is limited by the 402(g) limit - $15,000 for 2006 ($15,500 in 2007 plus an additional $5,000 in catch-up contributions if age 50 or older).

Most employers report pre-taxed contributions, which are tax-deferred. Your Annual Statement will indicate the amount of your pre-taxed contributions as well any amount of post-taxed contributions. Post-taxed contributions have already been taxed.

If your employer provides a salary reduction plan (also called a "Section 125" or "cafeteria" plan), you can make contributions to your HSA on a pre-tax basis. Once you claim this tax advantage, you can no longer take the "above-the-line" deduction. Yes. We pay competitive interest rates on the account. It is FDIC-insured and earnings are tax-free when used to pay for medically eligible expenses.

When purchasing a MET contract you are using after-tax dollars. Pre-tax contributions are usually reserved for 401(k) types of retirement plans.

Qualified flexible benefit programs allow employees to pay for certain eligible benefits with pre-tax dollars. This means that contributions are made before any (okay, almost any...to that in a moment) income and payroll taxes are calculated and deducted. On the federal level this translates into no FICA, Medicare, Federal Unemployment, or income tax. The FICA and Medicare savings apply both to the employee and the employer.

Your pre-tax dollars will be available for transportation for 12 months from the date they were posted to your account. No refunds will be issued.

The University reserves the right to modify or terminate such plans at any time with or without notice. Participation in these plans is provided to eligible employees and does not constitute a guarantee of employment. Participation is subject to the terms and conditions specified in the plan documents.

Pre-tax dollars reduces the gross income prior to the payroll income tax calculations. So employees who choose to participate lower their Federal, State, and Local income taxes. For the Flex Plan and TFA Plan, the pre-tax dollars also reduce the FICA and Medicare Taxes. These plans then have additional benefits to the employer in that the employer match is lower.

No. The University's retirement plan does not provide for Contributions to be made on an after-tax basis.

Less than 1 percent of the federal budget goes to NASA. The budget for NASA is administered at NASA Headquarters in Washington, D.C.

Please see the Assessor's Tax Book web page. Click on the Annual Tax book for the year in question. This book provides a multitude of graphs and charts showing where the tax dollars go. Taxes are calculated every January when the levy rates are set and the tax roll is certified by the Whatcom County Assessor's Office and then turned over to the Treasurer's Office.

If your employer offers a “salary reduction” plan (also known as a “Section 125 plan” or “cafeteria plan”), you (the employee) can make contributions to your HSA on a pre-tax basis (i.e., before income taxes and FICA taxes). If you can do so, you cannot also take the “above-the-line” deduction on your personal income taxes. You may be able to claim the medical expense deduction even if you contribute to an HSA.

Yes. You can use pre-tax dollars for parking and for transit by electing each benefit separately. Parking plans currently are not available online. A manual claim form must be submitted for any qualified parking claim.

In any year in which a withdrawal is taken from the ESA (assuming it is not the correction of an excess contribution), your child will receive a Form 1099-Q and will need to determine how much, if any, of the withdrawal is included in taxable income. The instructions for making this computation are contained in IRS Publication 970, downloadable at www.irs.gov.