Flexible Spending Account
IRS Flexible Spending Account
A Flexible Spending Account (FSA) qualifies under Code Section 125 of the IRS. IRS Section 125 was created to make benefits more affordable.
A flexible spending account makes life more affordable for growing families in particular, because so many different expenses qualify for pre-tax savings such as:
Read below to learn more about the two main types of accounts, Flexible Spending Account rules, how an FSA bests tax deduction hurdles, and how an FSA saves you and your employer money.
Key Points About Flexible Spending Accounts