Do both parents have to work full-time to use a dependent care flexible spending account?

Answer Answer If you are married, both parents have to work or one has to be a full time student. The amount that one can deduct for dependant care is limited to the lowest salary of each parent. If one p... Read More »

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What is the difference between a health savings account&a flexible spending account?

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are ways to put money aside for future heath care costs. Both provide tax advantages, but the qualifications and functions of th... Read More »

Medical Flexible Spending Account Rules?

Some employers provide flexible spending plans to workers that allow them to save money to pay for eyeglasses, medications and other health-care costs. Money used to fund the plans is deducted from... Read More »

What Is Covered by Health Flexible Spending Account Dollars?

Flexible spending arrangements (FSA) are a growing component of many employer health insurance plans and come with the added bonus of tax savings. Approximately 35 million working Americans use the... Read More »

How to Maintain Good Flexible Spending Account Records?

Flexible Spending Accounts, also known as FSAs, allow employees to set aside a portion of their pretax income toward a fund that is then used to pay for allowed expenses. The most common FSAs are u... Read More »