What does pretax mean?

Pretax refers to your wages before any FICA or income taxes are removed. This is also known as your gross pay.

When you spend money on pretax eligible expenses, Alice makes it so you use pretax dollars to cover those expenses. This is helpful for everyone because when you pay fewer taxes on your paycheck, you get to keep more of your hard earned money.

Think of it like a refund on your paycheck that you can’t get at tax time!