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What are the benefits of participating in a FSA?

April 26, 2017Benefits FSA

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What are the benefits of participating in a FSA?

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FSA deductions from your paycheck are exempt from federal and state income tax and Social Security tax. These deductions reduce your taxable income reported on your W-2 and on your income tax returns. IMPORTANT: See FSA Restrictions/Penalties—USE IT OR LOSE IT.