FSA Savings Calculator

Annual Out of Pocket Health Care Costs

Spent on: Amount Spent Annually
(OTC medicines require a prescription.)
 

Annual Dependent Care Expenses

(Capped at the IRS limit of $5000.)
 

Salary, Contribution and Tax Rate Information

This is the amount you indicated as your Total Annual Out of Pocket Health Care Expenses.
This is the amount you indicated as your Total Annual Dependent Care Expenses.
 

Potential Tax Savings by Enrolling in a Flexible Spending Account

  No FSA With FSA
 
 

*Contributing before tax dollars to an FSA may reduce your Social Security benefits since your contributions are not subject to FICA witholding.

There is no reduction in benefits for employees who pay the maximum FICA tax.

This calculator is meant for illustrative purposes only.

Please consult your tax advisor for specific information on your particular situation.