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  2. Here are the most common paycheck stub deduction codes12:
    • FICA — Med: Refers to the Federal Insurance Contributions Act — Medicare that you contribute 1.45% of your pay to.
    • FICA — SS: Refers to the Federal Insurance Contributions Act — Social Security that you contribute mandatory Social Security payments to.
    • Fed/FWT/FIT/FITW: Federal tax withholding.
    • St Tax/SWT/SIT/SITW: State tax withholding.
    • Local Tax: Local/city tax withholdings.
    Learn more:

    Here are the most common paycheck stub abbreviations that deal with tax deductions:

    • FICA — Med — This refers to the Federal Insurance Contributions Act — Medicare that you contribute 1.45% of your pay to.

    How To Read Your Paycheck Stub Abbr…

    www.paystubsnow.com/how-to-read-your-paychec…

    Here are the most common pay stub deduction codes: FED, FIT, or FWT: Federal income tax withholding State, SIT, or SWT: State income tax withholding

    What Are Pay Stub Deduction Codes? | …

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  3. People also ask
    What tax deductions can I take from my paycheck?In addition to withholding federal and state taxes (such as income tax and payroll taxes), other deductions may be taken from an employee’s paycheck and some can be withheld from your gross income. These are known as “pretax deductions” and include contributions to retirement accounts and some health care costs.

    Understanding paycheck deductions - Consumer Financial Protection Bureau

    files.consumerfinance.gov
    What are payroll deductions?Payroll deductions are amounts withheld from an employee's paycheck to account for certain designated expenses, such as taxes or benefits plans, and savings initiatives, such as retirement plans. Payroll taxes, for example, are deducted from the gross amount of pay an employee has earned before they receive their paycheck for a given pay period.

    What Are Payroll Deductions & How Do They Work? | Paychex

    paychex.com
    Can a payroll deduction be taken out of a paycheck?Some payroll deductions are voluntary and may be taken out of a paycheck on a pretax or post-tax basis as long as the employee provided written authorization. Taxes and wage garnishments, on the other hand, are mandatory and employers who fail to accurately withhold these deductions may be liable for the missing amounts.

    What are Payroll Deductions? | Pre-Tax & Post-Tax Deductions - ADP

    adp.com
    What deduction codes appear on a pay stub?Below, you will find some of the most common deduction codes that appear on your pay stub. Common pay stub deduction codes include the self-explanatory 401K for retirement savings contributions and 401K ER, which refers to an employer’s contribution if the employee receives a company match. However, this is by no means an exhaustive list.

    How to Read Your Paycheck Stub | IRIS FMP

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  4. ADP
    https://support.adp.com/adp_payroll/content/hybrid/EDQR/EDQR_RC_WS.pdf
    [PDF]

    Earnings and Deductions Quick Reference - ADP

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    uawlocal652.com
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    paycor.com
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  5. Human Resource Management
    https://hr.nv.gov/uploadedFiles/hrnvgov/Content...
    [PDF]

    Deduction Code Crosswalk - Nevada

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    MAKING PAYROLL DEDUCTIONS IN NEVADA – NAE
    nevadaemployers.org
    State of Nevada Employee Handbook
    hr.nv.gov
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  6. IRIS FMP
    https://fmpglobal.com/resources/useful-info/...

    How to Read Your Paycheck Stub | IRIS FMP

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    Pay Stub Abbreviations from All Major Payroll Companies
    mrpaystubs.com
    What Your Paycheck Stub Abbreviations Mean - AteBits
    atebits.com
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  7. Paychex
    https://www.paychex.com/articles/payroll-taxes/payroll-deductions-101

    What Are Payroll Deductions & How Do They Work?

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    Income Taxes
    Payroll Deductions
  8. NerdWallet
    https://www.nerdwallet.com/.../payroll-deduct…

    Payroll Deductions: The Ultimate Guide for Business …

    WebFeb 4, 2021 · Payroll deductions are the specific amounts that you withhold from an employee’s paycheck each pay period. There are two types of deductions: voluntary deductions, such as...

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  9. Paylocity
    https://www.paylocity.com/.../payroll-deducti…

    What are Payroll Deductions? Pre-Tax vs. Post Tax

    WebDec 26, 2023 · What are some examples of payroll deductions? Mandatory deductions can include: Social Security and Medicare taxes; Income tax; Child support payments; Voluntary deductions can include: Dental …

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  10. Paycom
    https://www.paycom.com/resources/blog/payroll-deductions

    What are Payroll Deductions & How are They …

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  11. IRS
    https://www.irs.gov/payments/tax-withholding

    Tax Withholding | Internal Revenue Service

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    Internal Revenue Service
  12. SoFi
    https://www.sofi.com/learn/content/paychec…

    Complete Guide to Paycheck Deductions | SoFi

    WebJan 18, 2023 · • Mandatory deductions: By law, an employer must subtract various mandatory federal and state tax withholdings. • Elective deductions: Employers will also subtract costs for employer-sponsored …

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  13. QuickBooks
    https://quickbooks.intuit.com/r/payroll/deductions

    What are payroll deductions | QuickBooks

  14. Mr Pay Stubs
    https://www.mrpaystubs.com/pay-stub-abbreviations

    Pay Stub Abbreviations from All Major Payroll Companies

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  15. IRS
    https://www.irs.gov/individuals/employees/tax-withholding

    Tax Withholding | Internal Revenue Service

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    Federal Tax Withholding
  16. Techopedia
    https://www.techopedia.com/payroll/guide-to-payroll-deductions

    Guide to Payroll Deductions 2024: What, How & When - Techopedia

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  17. IRS
    https://www.irs.gov/individuals/tax-withholding-estimator

    Tax Withholding Estimator | Internal Revenue Service

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    Internal Revenue Service
  18. consumerfinance.gov
    https://files.consumerfinance.gov/f/documents/cfpb_building_block_activities...
    [PDF]

    Understanding paycheck deductions - Consumer Financial …

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    List of Paycheck Deductions
  19. Toast
    https://central.toasttab.com/s/article/Toast...

    Toast Payroll: Get Started With Deduction Codes

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  20. CalHR
    https://www.calhr.ca.gov/state-hr-professionals/...

    Deduction Codes - CalHR

  21. Fingate
    https://fingate.stanford.edu/paying-people/...

    Tax Deduction Codes, Descriptions and Rates - Stanford University

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  22. ThePayStubs
    https://www.thepaystubs.com/blog/human-resources/...

    How To Read Pay Stub Deduction Codes? - ThePayStubs

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    Pay Stub Deduction Codes
  23. Payroll Department
    https://payroll.uconn.edu/deduction-codes

    Deduction Codes | Payroll Department - University of Connecticut

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    Anbc Poe
    Ppos Co
    Retirement Distribution Code G
  24. cornell.edu
    https://finance.cornell.edu/payroll/supervisors/deductioncodes

    Deduction Codes | Cornell University Division of Financial Services

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  25. Paylocity
    https://www.paylocity.com/resources/tax-resources/final-paycheck-laws

    Final Paycheck Laws Compliance Brief | Paylocity

  26. Public Services and Procurement Canada
    https://www.tpsgc-pwgsc.gc.ca/remuneration...

    Deduction and Earnings codes - Canada.ca

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  27. ITEP
    https://itep.org/better-tax-codes-help-boost-teacher-pay

    Better Tax Codes Help Boost Teacher Pay – ITEP

  28. New York Times
    https://www.nytimes.com/interactive/2024/upshot/buy-rent-calculator.html

    Is It Better to Rent or Buy? A Financial Calculator.

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