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How does the RTD-IRA pre-tax payroll deduction work?

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How does the RTD-IRA pre-tax payroll deduction work?

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The amount that you spend on your transit pass, up to $105 a month, can be deducted from your paycheck before taxes. The money deducted is used to purchase your monthly RTD transit pass. Your yearly taxable income is reduced by the value of RTD transit passes that you purchase, up to $105 a month or $1,260 a year.

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