Pay Monthly Rent or Mortgage with Pre-Tax Dollars

We use after tax dollars to pay our rent and mortgage each month.

There is a much better way. We would have an employer pre-tax account payroll deduction. If your rent or mortgage is $1,000 a month you can pay weekly or monthly pre-tax into your account. You Can use your monthly income and rent/mortgage amount in this example.

Your gross monthly income is $3,600. You pay 30% payroll taxes of $1,080, leaving you $2,520.00 in after tax income. You Pay $1,000.00 rent now you have $1,520.00 left.

Gross income $3,600 deduct $1,000 Pre-Tax Rent, leaves $2,600. Your tax on $2,600.00 at 30% is $780.00. Your monthly rent is paid, and you have $1,820.00 left.

You have $300.00 a month more money and now you’re paying rent pre-tax so it’s much easier to manage a budget. It’s very easy to set this up using a payroll account. We can pay your landlord with direct deposit. This could begin January 2025.

Adding $300.00 spendable income per person monthly will add $1 million dollars each month into the local communities. visit dcci3.com