Pre-Tax Benefits Often Go Unused


FINANCIAL PLANNING
Another year, another opportunity for tax savings—but only if you opt in.

According to the American Payroll Association’s 2007 Getting Paid in America survey, 80% of employers offer tax-advantaged payroll deduction programs, including cafeteria plans, dependent care flexible spending accounts, travel reimbursement incentive programs and health savings accounts, but only 59% of employees are enrolled.

Source: Getting Paid in America, www.nationalpayrollweek.com/documents/2007NPWSurveyResults_updated.doc .

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Get your clients ready for tax season

These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

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