• 4 months ago
Consider a Flexible Spending Account FSA.
A Flexible Spending Account FSA allows you to save pretax dollars for healthcare expenses reducing your taxable income. FSAs can be used for medical dental and vision expenses but remember that they have a useitorloseit rule meaning you need to spend the money within the plan year or forfeit it. Properly managing your FSA can lead to significant tax savings.




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Transcript
00:00Consider a Flexible Spending Account, FSA.
00:03A Flexible Spending Account, FSA allows you to save pre-tax dollars for healthcare expenses reducing your taxable income.
00:12FSAs can be used for medical, dental, and vision expenses, but remember that they have a USET or LOSET rule meaning you need to spend the money within the plan year or forfeit it.
00:23Properly managing your FSA can lead to significant tax savings.

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