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Annual Pretax Benefit Election Nonmanual Benefit Election Period Plan Year: July 1, 2018, to June 30, 2019, Named×AddressPart/Full TimeCityStateFTEZip Code** I authorize pretax salary reductions
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What is annual pre-tax benefit election?
The annual pre-tax benefit election is a choice made by employees to set aside a portion of their pre-tax income to pay for certain eligible expenses, such as healthcare or dependent care.
Who is required to file annual pre-tax benefit election?
Employees who wish to participate in pre-tax benefit programs offered by their employer are required to file an annual pre-tax benefit election.
How to fill out annual pre-tax benefit election?
Employees can typically fill out their annual pre-tax benefit election during their employer's open enrollment period using the forms provided by their employer.
What is the purpose of annual pre-tax benefit election?
The purpose of the annual pre-tax benefit election is to allow employees to save money on eligible expenses by using pre-tax dollars, reducing their taxable income.
What information must be reported on annual pre-tax benefit election?
Employees must report the amount of pre-tax dollars they wish to set aside for eligible expenses and select the specific benefit programs they wish to participate in.
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