Description: New Jersey Health Insurance - Reviews and Recommendations
New Jersey Health Insurance - Reviews and Recommendations
The tax filing deadline is just days away so I thought this was a good time to touch on one of the most overlooked tools in saving taxes on your hard earned money. My news feed is full of tips and articles on how to save on your taxes, yet this one simple tool is often overlooked. I’m going to cover:
A Flexible Spending Account(FSA), falls under IRS Section 125 which allows employees to convert some of there taxable income into non-taxable benefits. The most common FSA types are the medical and dependent care. The maximum annual election for 2019 is $2,700 for medical, and $5,000 for dependent care.