Dependent care flexible spending accounts (FSAs) are only available to workers who have employers that offer them. Employees can withhold agreed amounts from their paychecks to fund their FSAs.
Flexible Spending Account Features You can only establish an FSA with your employer. This means your employer — not you — owns your FSA account. If you leave your job, you lose your FSA funds ...
Self-employed individuals are ineligible. You’re also ineligible for a healthcare FSA if you have a health savings account (HSA). You contribute to your FSA with pre-tax income, money that hasn ...
Calculate whether you’d come out ahead with a dependent care flexible spending account or the child care tax credit before signing up for the FSA during open enrollment. The dependent care FSA ...
The IRS just announced the new 2025 contribution limits for medical savings accounts like flexible spending arrangements (FSAs) and healthcare savings accounts (HSAs). Employer-sponsored FSAs ...
Flexible spending accounts, or FSAs, allow workers to set aside pre-tax money to pay for qualified medical or dependent care expenses. They are not to be confused with health savings accounts ...
Addressing Financial Gaps Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are tax-advantaged financial accounts that allow individuals to set aside pre-tax dollars to cover ...