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A flexible spending account (FSA) is an employer-sponsored savings account that lets you contribute pre-tax funds. You may use this money for approved medical and dependent care expenses.
The most common type of flexible spending account, the medical expense FSA (also medical FSA or health FSA), is similar to a health savings account (HSA) or a health reimbursement account (HRA). However, while HSAs and HRAs are almost exclusively used as components of a consumer-driven health care plan, medical FSAs are commonly offered with ...
Your employer offers a dependent care FSA: A dependent care FSA allows you to use FSA funds for day care, preschool, home healthcare, and more to help you cover the cost of caring for children ...
A dependent care flexible spending arrangement (DCFSA) lets you pay for child care and other dependent expenses with pretax dollars. ... Continue reading → The post What Is a Dependent Care FSA ...
Your FSA funds can help reduce the spread of infection and keep you safe from bacteria and germs. FSA-eligible items include masks, disinfections, hand sanitizer, and more. Tazza Extreme Hand ...
Dependent Care FSA (DCFSA) The DCFSA is a pretax benefit account employees can use to pay for eligible dependent care services. This can include both children or an adult such as a spouse who is ...
A Dependent Care Flexible Spending Account. You can use this type of savings account for a child's day care or for adult day care, such as for your spouse, parent, or grandparent.. Requirements ...
Continue reading → The post Dependent Care FSA vs. Dependent Care Tax Credit appeared first on SmartAsset Blog. Fortunately, you can save money on daycare expenses without sacrificing quality.