Types of Deductions

Types of Deductions

The following is a list of Deductions (both pre-tax and post-tax) that Zeal supports:

401k - A 401(k) plan is a tax-qualified, defined-contribution pension account that provides for pretax retirement savings.

hsa - A health savings account (HSA) is a tax-advantaged medical savings account enrolled in a high-deductible health plan. Funds accumulate and can be used to pay for qualified medical expenses without tax liabilities.

garnishment - A Wage Garnishment is a court-mandated withholding of an employee’s earnings from a paycheck for use toward debts. Common sources include: Child support, federal debt, state debt, student loans, and credit card debt. This serves as a post-tax deduction.

miscellaneous - Use this type for a generic post-tax deduction on the employee check.

section_125 - (Pre-tax) A benefit belonging to a Section 125 plan that allows employees to choose between different types of qualified benefits.