Tax savings for employees | Sodexo

Tax savings for employees can be achieved through various avenues. Common strategies include taking advantage of tax deductions, such as those for home office expenses or education-related costs. Contributing to retirement accounts, such as 401(k) or IRA plans, can also reduce taxable income. Utilizing tax credits, such as the Earned Income Tax Credit or Child Tax Credit, can provide additional savings. Additionally, flexible spending accounts or health savings accounts allow for pre-tax contributions, lowering taxable income while covering medical expenses.