Are Taxes Getting You Down?
If you are interested in programs that reduce your tax burden, News Corp Benefits has resources for you. Some programs will help you during this tax season, while others will help you in the future during open enrollment later this year.
Medical Flexible Spending Account
Reduce your taxable income by setting aside pre-tax dollars to reimburse yourself for healthcare expenses. The plan is use it or lose it so set your annual election carefully.
Dependent Care Flexible Spending Account
Lower the net cost of your dependent care expenses by using Pre-Tax dollars to pay for them. That is like having a 25% coupon for every dollar you spend on dependent care up to $5,000.
Manage Your FSA Account Any Time, Anywhere
The WageWorks EZ Receipts mobile app allows you to snap and submit photos of your receipt each time you use your card to make it easy to verify card transactions later, file claims, view transactions, and check account balances on the go. In addition, it allows you to sign up for email and text alerts for the ultimate mobile convenience.
WageWorks® Commuter is a pre-tax benefit account used to pay for public transit—including train, subway, bus, ferry, and eligible vanpool—and qualified parking as part of your daily commute to work. WageWorks Commuter is a great way to put extra money in your pocket each month and make your commute more convenient and affordable.
Our leading edge 401k plan is an easy way to use part of your income now towards reliable savings later. We help you access low cost, high quality investment options from best in class institutional funds.
Example: Example of Employee earning $90,000 base and bonus who files as Head of Household taking advantage of our plans by contributing:
$9,750 into 401(k),
$3,500 into an HSA,
$2,500 into the Dependent Care FSA,
$4,005 in premium for our CDHP Medical, Dental, Vision plans and,
$3,120 taking advantage of the maximum monthly commuter benefit.