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What are the Unreimbursed Medical and/or Dependent Care Flexible Spending Accounts?

April 26, 2017accounts dependent flexible medical Spending unreimbursed

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What are the Unreimbursed Medical and/or Dependent Care Flexible Spending Accounts?

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It allows you to set aside money to pay for out-of-pocket medical, dental, and dependent care expenses while saving on taxes because the money contributed to the account is free from federal income, Social Security, and Medicare taxes and remains tax-free when an employee receives it.