Flexible Spending AccountsFlexible spending accounts (FSAs) allow you to set aside money to pay for certain medical, dental or dependent care expenses. Your contributions are deducted from your paycheck before federal and state income taxes and Social Security taxes are withheld. Participation is voluntary, and you must sign up every year you wish to participate. You should estimate your expenses carefully based on predictable expenses, because the IRS requires that you forfeit any money left unclaimed in your accounts at year-end. View the FSAs Snapshot Summary for more information. |
