FSA Accounts

By putting money into a Flexible Spending Account (FSA), you can pay certain expenses on a tax-free basis and decrease your total taxable income. You do have to calculate carefully the amount you expect to use during the year, so you don't lose money. The amount you contribute for the year is divided into equal amounts each paycheck throughout the year and deposited into your account.

We offer 2 FSAs:

Healthcare FSA: Annual maximum for 2025 is $3,300. Funds can be used for any IRS-qualified medical expenses during the year. You must use your funds by June 30th or you forfeit them, although we have adopted a carryover to the following year of up to $660. We have a grace period, so you can still use your FSA for expenses you incur until September 2026 of the next year.

Dependent Care FSA: Annual maximum is $5,000 (or $2,500 if married and filing a separate tax return). Funds can be used to pay qualifying expenses for care of a dependent. These expenses typically cover children under age 13, such as for day care, but also apply to care for older dependents incapable of self-care, including dependent elder care.

Eligible Medical Expenses: For a list of eligible expenses for HSA, HRA or health FSA, go to irs.gov/publications/p502.

Filename
Documents
There are no files to list.
FX-4248-011822 TASC FSA Eligible Expenses.pdf
FX-6561-101420 DCFSA Eligible Expenses.pdf
TASC FSA 2022.pdf