Save on Taxes

If you make $60,000 a year and make the maximum contribution to your Health Care FSA, you could take home $780 more in one year. Here’s what the tax savings looks like:

 

Your Estimated Tax Savings
Without Healthcare FSA With Healthcare FSA
Gross annual pay (estimate) $60,000 Gross annual pay (estimate) $60,000
Estimated tax rate (30%) -$18,000 Max. annual Healtcare FSA contribution -2,600
Net annual pay =$42,000 Adjusted gross pay =$57,400
Estimated annual healthcare expenses -$2,600 Estimated tax rate (30%) -$17,220
Final take-home pay =$39,400 Final take-home pay =$40,180
Take home this much more with a Healthcare Account $780