Assertion: retirement contribution | /r/HasProperty | deducted before taxation
Facets:
value: from the employee's paycheck
type: LOCATION
Source sentences:
text: Under the plan, retirement saving contributions are provided (and sometimes proportionately matched) by an employer, deducted from the employee's paycheck before taxation (therefore tax-deferred until withdrawn after retirement or as otherwise permitted by applicable law), and limited to a maximum pre-tax annual contribution of $19,500 (as of 2020).