Sentences with phrase «flexible spending account so»

Not exact matches

That also means that the 401K money is also 2016 money, and so is the money for the flexible spending account, or health savings account.

The funds in the flexible spending account are use it or lose it so you need to estimate how much you will spend during the year and if you are setting it up for school - age children make sure you plan properly for the summer.

So take full advantage of tax - deferred benefits at work, like 401 (k) s and flexible spending accounts.

Any money put into a medical care or dependent care flexible spending account is pre-tax so putting a couple thousand dollars into an account can save you hundreds of dollars in taxes.

I don't have a 401k or flexible spending account and I don't itemize so I can't take advantage of charitable deductions.

Flexible spending and health savings accounts are pre-tax so that taxpayers don't pay taxes on anything they contribute to the account.

So, for example, if you have two qualifying persons and you contributed $ 5,000 to a flexible spending account via your employer, you can only use $ 1,000 ($ 6,000 — $ 5,000) as the dollar limit of care expenses in computing your Child and Dependent Care credit.

So the FSA is a Flexible Spending Account, right?