Payroll Deductions That Reduce Your Federal Income Tax
The following payroll deductions are subtracted from postal employeesâ gross earnings for federal income tax computations: Federal Employees Health Benefits (FEHB), unless employee declined the pretax benefit. USPS Noncareer Health Benefits (USPS HB), only if employee opted for pretax contributions. Federal Employees Dental and Vision Insurance Program (FEDVIP). Flexible Spending Accounts (FSAFEDS). Health Savings Account…