Sentences with phrase «utilizing flexible spending»
Similar to medical FSA's profiled above, you can save a tremendous amount of money on taxes by utilizing Flexible Spending Accounts to pay for dependent care related expenses such as child care or any other person claimed as a dependent on your federal income taxes (child care, elder care, etc.).
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One of the most common mistakes people make when it comes to saving money on their taxes or reducing their tax burden is not fully utilizing funds they have set aside in their employer sponsored Flexible Spending Account (FSA).