pretax

adjective pre·tax \ ˌprē-ˈtaks \
variants: or pre-tax

Definition of pretax

: 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

First Known Use of pretax

1917

in the meaning defined above

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Law Dictionary

pretax

adjective pre·tax \ ˌprē-ˈtaks \

legal Definition of pretax

: existing or occurring before the assessment or deduction of taxes
  • pretax income
  • pretax contributions

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