Flexible Spending Accounts and Eligible Products
FSAs, also called flexible spending arrangements, Section 125 plans, or Cafeteria plans, allow employers and employees to use pretax dollars to pay for certain personal healthcare expenses that would not otherwise be covered by insurance.
The two types of FSAs are: health care FSAs and dependent care FSAs. The health care FSA is for reimbursing health care expenses, including any insurance deductibles and copayments. The dependent care FSA is for reimbursing dependent care expenses, such as daycare or sitter fees.
The flexible spending arrangement is that: employees agree to payroll deductions to put pre-tax dollars into an account. The employees then use the funds during the year for reimbursement of certain types of expenses. Many products which you already buy are eligible with these plans! Now you can purchase these products from home through our affiliate program.
Shop the FSA Store!
The following are all eligible products!
See a list of eligible product categories
More tax information can be found in
- J.K. Lasser's Your Income Tax 2015: For Preparing Your 2014 Tax Return Lower Your Taxes - BIG TIME! 2015 Edition: Wealth Building, Tax Reduction Secrets from an IRS Insider
- J.K. Lasser's 1001 Deductions and Tax Breaks 2015: Your Complete Guide to Everything Deductible
- Taxes For Dummies
File Your Taxes with:
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- H&R Block Tax Software Deluxe + State 2014 Win [Download]