In some cases the Dependent Care Tax Credit Option may provide more tax savings then the Dependent Care Expense Reimbursement option. Check with your tax preparer for details. USD 305 is proud to provide a fully expanded Employee Benefit Plan from which our employees may choose. There are, however, several legalities and guidelines that must be strictly followed. This section is designed to summarize these legalities.
Every person needs to save money for retirement.
Tax Sheltered Retirement Savings Programs allow employees to invest in their retirement future. All investments are deferred from State and Federal taxation until the funds are withdrawn at retirement. All employees are eligible. After tax payroll deductions provide a very convenient way to handle payments for various miscellaneous benefit options. Although there is no tax advantage, participation in one or more after tax deduction may be beneficial in the following situations.