Tax Advantages of Participating in Individual Choice

When you add to the credits provided by the College to purchase certain benefits or contribute to a flexible spending account, you enjoy some tax advantages. You can pay for most added benefits out of your gross pay, before any federal, state, or Social Security taxes are withheld (before-tax dollars). Since your income-tax obligation is based on your earnings after these benefits reductions are made, this option can reduce your taxable income and increase net pay.

YOUR OTHER BENEFITS

Certain other benefits such as the employee assistance program, paid time off, educational assistance programs, and the retirement plan are not part of Individual Choice and are administered outside the flexible benefits program.