> ## Documentation Index > Fetch the complete documentation index at: https://help.mytruv.com/llms.txt > Use this file to discover all available pages before exploring further. # Understanding Your Deductions > Learn what the various deductions on your pay statements mean. Your pay statement shows various deductions that reduce your gross pay to arrive at your net (take-home) pay. Here's what they mean. ## Common deduction types ### Taxes * Federal Income Tax - Tax withheld for the federal government based on your W-4 * State Income Tax - Tax withheld for your state (if applicable) * Social Security (FICA) - Contributes to your future Social Security benefits (6.2% of earnings up to the annual limit) * Medicare - Funds the Medicare health insurance program (1.45% of earnings) ### Benefits * Health Insurance - Your share of medical, dental, or vision insurance premiums * Life Insurance - Premiums for employer-sponsored life insurance * Disability Insurance - Short-term or long-term disability coverage ### Retirement * 401(k) / 403(b) - Pre-tax or Roth contributions to your employer retirement plan * IRA Contributions - If deducted through payroll ### Other * HSA / FSA - Health Savings Account or Flexible Spending Account contributions * Union Dues - If applicable * Garnishments - Court-ordered deductions, if any ## Where to see your deductions Your deductions live on the **Income breakdown** card on the Income view. The card groups them into a few buckets (taxes, retirement, and other) on top of your net income. Expand a bucket to see the individual line items your payroll provider reported - things like Federal Income Tax, FICA, your 401(k) contribution, and so on. For how to get to the Income view on each platform, see the [Income overview](/income/income-overview). For a per-paycheck view of every deduction on a single pay statement, see [Viewing your pay statements](/income/viewing-pay-statements). For more on the tax line items specifically, see [Understanding tax withholdings](/income/tax-withholdings). Review your deductions at least once a year, especially after major life changes like getting married or having a child, to make sure your tax withholdings are still correct.