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Get your taxes done using TurboTax
There are a few different reasons as to why, the most common one is that if your employer offers pre-tax health insurance and you elected to participate, the amount you earned will be lowered by that amount since your health insurance premiums came out before any tax.
Same if you participated in any 401(k) pre-tax retirement plan. Again your income will be lowered by the amount you contributed since it is a pre-tax deduction.
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‎February 7, 2020
1:30 PM