Explanation of FSAs Flexible Spending Accounts (FSA) are a way for employees to save pre-tax dollars to use for certain expenses. Since maximum election limits are in the thousands per year, you have the potential to save a significant amount in federal taxes. Your state might treat FSA contributions differently for tax purposes than does […]
Tag: FSA
Flexible Spending Accounts
It’s currently late November, the time of year when many people are faced with open enrollment at their jobs. While some organizations hold open enrollment at different times of year -in higher education, for example, it commonly falls in late spring for a June 1 or July 1 effective date because of the fiscal year […]