Your Benefits Program Can Help You Save on Taxes

Your Vought Aircraft benefits program provides tax advantages because you pay for certain benefits on a before-tax basis: With before-tax dollars, you contribute to Flexible Spending Accounts for dependent care and out-of-pocket health care expenses. With after-tax dollars, you pay for optional life insurance for yourself (for the amount of coverage - the combined total of your company-provided and your optional life insurance - that exceeds $50,000), optional life insurance for your spouse and optional life insurance for your child(ren).