Reduce Your Medical and Dependent Care Costs with the Help of Uncle Sam – Using Flexible Savings Accounts
Both medical flexible spending accounts and dependent care accounts are funded with pre-tax deductions from your paycheck. Both have a “use or lose” policy if the funds deducted are not used in the calendar year for which the election is made. Generally, an individual can only elect to have these deductions taken at the time of hire or during the […]
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