Many workers lose unused FSA money — but could still come out ahead. Here’s how
Summary
Employees often forfeit unused funds in their flexible spending accounts at the end of the year. However, experts suggest that the initial tax savings on these contributions may still exceed the total amount lost. Workers can evaluate their specific situations to determine whether the financial benefits of the account outweigh potential forfeitures.
While experts say it's best to use up your FSA money, the tax savings on your contributions could outweigh any amount you forfeit. Here's how to tell.
Source: Read the full story at US Top News and Analysis
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