Flexible Savings Accounts Offer Tax Advantages

Posted on 10/30/2012 by |Online Executive Producer | Comments

Money & SavingsThe following is a guest post by Alan Kalman. Keep an eye out for a savings opportunity at work in the form of a Flexible Savings Account  (FSA) for next year. These accounts allow you to set aside funds for medical care and dependent care — and in many cases, the costs of public transportation and parking. See also: Need Cash for Health Care? Your contribution is pretax, which means that no federal and generally no state income, Social Security …