pretax

adjective

pre·​tax ˌprē-ˈtaks How to pronounce pretax (audio)
variants or pre-tax
: existing before provision for taxes : before taxes are deducted
pretax earnings/profits
The most common self-directed plans, 401(k) plans, leave it up to employees to voluntarily contribute part of their pretax salary.Ellen E. Schultz

Examples of pretax in a Sentence

Recent Examples on the Web For the full-year 2023, GM pretax profits dropped more than 14% to $12.4 billion compared with $14.5 billion in 2022, according to Free Press reports. The Courier-Journal, 23 Feb. 2024 Ford Blue, the company’s combustion engine unit, posted pretax earnings of $813 million during the fourth quarter, $736 million less than in 2022. Tom Krisher, Quartz, 6 Feb. 2024 For the full-year in 2023, pretax profits dropped more than 14% to $12.4 billion compared with $14.5 billion in 2022. Jamie L. Lareau, Detroit Free Press, 30 Jan. 2024 For many scam victims, the big tax bills come after they are tricked into taking large distributions from their pretax retirement accounts and sending their savings to criminals, often overseas. Michael Laris, Washington Post, 10 Jan. 2024 Hipgnosis Songs Fund , which owns rights to tracks by Shakira, Blondie, Neil Young and others, said its operating pretax loss for the first half of its fiscal year widened on a fall in its portfolio value and revenue. Najat Kantouar, WSJ, 21 Dec. 2023 Ford Pro, the commercial vehicle operation, earned $1.8 billion in pretax profits, up $361 million from the prior year. Tom Krisher, Quartz, 6 Feb. 2024 Each milestone included growing Tesla’s market capitalization by $50 billion and meeting aggressive revenue and pretax profit growth targets. Chicago Tribune, 30 Jan. 2024 Indeed, the median millennial household pretax income was just $71,566 in 2020, according to the U.S. Census Bureau. Sydney Lake, Fortune, 14 Nov. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'pretax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1917, in the meaning defined above

Time Traveler
The first known use of pretax was in 1917

Dictionary Entries Near pretax

Cite this Entry

“Pretax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pretax. Accessed 27 Feb. 2024.

Legal Definition

pretax

adjective
pre·​tax
ˌprē-ˈtaks
: existing or occurring before the assessment or deduction of taxes
pretax income
pretax contributions
Last Updated: - Updated example sentences
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