According to a recent survey, the average family of four spends almost $3,600 in co-pays, coinsurance and deductible costs for medical, dental and vision expenses. If you contribute $2,750 to a Healthcare Flexible Spending Account you would save approximately $583 in taxes. If you insert your annual compensation and Healthcare FSA contributions below, you will see what your approximate tax savings will be.
BusinessPlans, Inc. 432 East Pearl Street Miamisburg, OH
Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.