TRI-AD Flexible Spending Account Tax Savings Calculator
Follow the steps below to estimate your potential FSA tax savings:|
A) Determine your expected out of pocket expenses for the health care reimbursement account
B) Determine your expected out of pocket expenses for the dependent care reimbursement account
C) Provide information about yourself for determining your tax situation
D) Review your estimated tax savings results
A) Enter your expected out of pocket health care expenses:|
Complete the boxes below. You may want to review receipts from last year for health care expenses you paid out of your own pocket. Using these receipts and the worksheet, you can estimate the amount you want to elect for the Health Care FSA. Only budget for the expenses eligible for reimbursement though the Health Care FSA. Remember, eligible expenses include those for you, your spouse and your dependents.
B) Enter your expected dependent care expenses for child care and/or elder care:
The Dependent Care FSA allows you to use pre-tax dollars to pay for child care services that make it possible for you and your spouse (if applicable) to work. Under certain circumstances it also may be used to help pay for the care of elderly parents or a disabled spouse or dependent. Note that the Dependent Care FSA is intended to cover costs of care and does not cover any medical or health-care costs for your dependents.
C) Enter personal information for estimating your tax situation: