Because they are pretax dollars, FSA funds boost the employee’s spending power by the amount of tax they don’t pay. At a 25% tax rate, putting $2,000 into an FSA would yield $500 in savings.

Benefits of Dependent Care FSA. Contributing to a dependent care FSA has significant benefits, including: Federal and state tax advantages. Since you deposit pre-tax dollars into the account, you ...

A pre-Covid 19 law might mean you don’t have to forfeit the money you stashed away in your workplace dependent care FSA if you’ve been laid off. Here’s how to ask your employer about it.

As of Jan. 15, insurance companies are required to reimburse you for what you spend on at-home COVID-19 tests (up to eight tests per person or more if they're ordered by your doctor).. What's more ...

The March 15 flexible spending account (FSA) deadline is almost here: Check out five ways to spend unused funds from FSA Store® PR Newswire Thu, Feb 27, 2025, 7:20 AM 5 min read ...