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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Monday, May 29, 2006

Flexible Spending Accounts

If your job offers a Flexible Spending Account you should take advantage of it. It lowers your taxable income and is withdrawn directly from your paycheck and you use it to pay for a wide range of medical expenses. You can save around 30% on the amount you take out for the Flexible Spending Account. The limit is $5,000 and sign up is usually the autumn prior to the calendar year the money will be used.

1 Comments:

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