Healthcare FSA Tax Calculator
Calculate your potential tax savings by using a Healthcare Flexible Spending Account
Step 1: Estimate Eligible Healthcare Expenses
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Estimated Annual Healthcare Expenses
$2,375
Important FSA Information
- Plan provisions: Review your employer's plan document for specific details
- Use-it-or-lose-it: FSA funds typically must be used by the end of the plan year
- Grace period: Some plans offer a 2.5 month grace period or allow $500 carryover
- Contribution limits: 2024 limit is $3,200 per year for healthcare FSAs
- Eligible expenses: Must be qualified medical expenses as defined by IRS Publication 502
- Documentation: Keep receipts and documentation for all FSA expenses