Transcription of Flexible Spending Accounts 1 - ResourceONE
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Flexible Spending Accounts 1 - ResourceONE
Flexible Spending Accounts 1 10/10 2B1B0B1 HHOW THE Flexible Spending Accounts WORK Follow these steps to put the Flexible Spending Accounts to work for you: Estimate Your Expenses Each fall, you calculate these expenses for the upcoming year: any out-of-pocket medical, dental, and vision care expenses, prescription and over-the-counter drug expenses and your dependent care expenses. You should estimate carefully because you will forfeit any unused funds. Decide On Your Contribution You can contribute from $100 to $5,000 before-tax to the health care Spending account and from $100 to $5,000 before-tax to the dependent care Spending account .
Flexible Spending Accounts 4 10/10 claim, as an income tax deduction, any expenses reimbursed or payable through the health care spending account.
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