Flexible Spending Account (FSA).
This calculator will help you estimate your Flexible Spending Account contribution and potential annual tax savings.
For 2015 the FICA limit is an annual household income of $118,500 – at this level the savings calculator may show zero tax savings by participating in a Flexible Spending Account since FICA is not withheld. Please consult a tax professional in order to determine a more accurate estimate of your potential tax savings.
Note: By law, you will forfeit (lose) any money remaining in your FSA after March 15 of the following year for which you did not incur eligible expenses and that money will not be refunded to you. You have until April 30 of the following year to file claims for reimbursement of eligible expenses incurred. Plan carefully.
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For more information on APLAZ Flexible Spending Account (FSA), contact an APLAZ business service specialist at (650) 557-3797 or click the contact button: