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Description of Issue

What are the suggested deduction code ranges?

Context
  • Deduction and Benefit Master
Cause


Resolution

The following are the suggested Deduction Code Ranges

Deduction #Description
1000-1010RESTRICTED 
Reserved for FICA in all tax reporting. 
Must only be used for FICA
1100-1110RESTRICTED 
Reserved for Medicare in all tax reporting. 
Must only be used for Medicare
2000-2299

Tax Sheltered Annuity

2300-2399OPEN - User Defined (Can be used for pre-tax retirement)
2400-2799Section 125 (FICA-exempt)
2800-2999Deferred Compensation
3000-3010RESTRICTED 
Reserved for Federal Income Tax (FIT) in all tax reporting. 
Must only be used for Federal Income Tax.
3100RESTRICTED 
Reserved for EIC - Earned Income Credit in all tax reporting. 
Must only be used for EIC - Earned Income Credit 
4000-4999RESTRICTED 
Reserved for State Income Tax (SIT) in all tax reporting. 
Must only be used for State Income Tax
5000-5999RESTRICTED 
Reserved for Local Income Tax in all tax reporting. 
Must only be used for Local Income Tax
6000-6999Garnishments/levies
7000-7999Retirement (State, County, and so on)
8000-8999Post-tax Benefits, Union Dues, Other Miscellaneous Deductions
9000-9999Recommended to set 9999 as Net Direct Deposit
Additional Information






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