Sentences with phrase «pretax flexible spending account»

You generally can not deduct any medical and dental costs that you pay for from a pretax Flexible Spending Account for health care.

Not exact matches

A dependent - care flexible spending account lets you set aside pretax money for expenses related to caring for a child — this is not the same as the child tax credit, which you use for a disabled spouse, parent, or other mentally or physically handicapped dependent.

But it may be more cost - effective to add pretax money to your flexible spending account to cover dental expenses.

Then, do the same with $ 2,550 of pretax money in what most people know as a flexible spending account and use it for health care expenses that insurance doesn't cover.