FSA (Flexible Spending Account)
An employer account that lets you pay medical or dependent-care costs with pre-tax dollars.
What does fsa mean?
An FSA lowers your taxable income on eligible expenses, but most funds follow a "use-it-or-lose-it" rule within the plan year. Unlike an HSA, it isn’t portable and generally can’t be invested.
Put it to use
Healthcare Flexible Spending Account Tax Savings Calculator Use this calculator to see how a Healthcare Flexible Spening Account (Sectiion 125 Plan) can save you money on your income taxes. Flexible Giving Account Calculator Use this calculator to see how participating in a Flexible Giving Account (FGA) can help you pay less tax, with your charitable giving.
Related terms
All glossary terms