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What is a tax-deferred payroll deduction plan?

deduction payroll Plan tax-deferred
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What is a tax-deferred payroll deduction plan?

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A member purchasing credit via payroll deduction can have deductions made on a tax-deferred basis if his or her employer has adopted a tax-deferred plan. An employer may offer: An after-tax plan, A tax-deferred plan, or Both an after-tax and a tax-deferred plan.

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