Tax

Flexible Spending Account (FSA)

A tax-advantaged account for healthcare or dependent care expenses. FSA contributions reduce taxable income, but most funds must be used within the plan year (use-it-or-lose-it).

Related Terms

Health Savings Account (HSA)
Tax-Advantaged Account

Related Calculators

Take-Home Pay Calculator

Understanding Flexible Spending Account (FSA)

Flexible Spending Account (FSA) is a key concept in tax. Understanding this term helps you make more informed financial decisions. Use our related calculators above to see how flexible spending account (fsa) affects your specific situation.