The federal tax return deadline of April 15 is fast approaching. Tax season can be a great time for employees to consult with their tax advisor about tax-advantaged benefits. The more pre-tax income you can devote to tax-advantaged benefits every paycheck, the more you reduce the amount of money eligible for taxes, which can be a benefit when it is time to file your returns.
Marquette University offers employees the opportunity to save for retirement on a tax-advantaged basis through the Marquette University Retirement 403(b) Plan. See financial wellness resources for information about financial planning assistance provided by Francis LLC and TIAA.
In addition, benefit-eligible employees have access to health care flexible spending accounts (FSA), dependent care FSA, limited purpose FSA, and health savings accounts (HSA). While employees can only enroll in an FSA during annual enrollment or for certain qualifying events, any employee who has elected the Marquette high deductible health plan (HDHP) can enroll in or change the contributions for an HSA anytime throughout the year by contacting Marquette’s benefits team. More information about these benefits can be found on the FSA and HSA pages.
