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What is the main advantage of enrolling in an FSA?

April 26, 2017advantage FSA main

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What is the main advantage of enrolling in an FSA?

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• The main advantage of an FSA is that you do not pay federal income taxes or social security taxes on the amount you elect to contribute to your FSA. In most states, you don’t pay state taxes on your contribution either. By participating in an FSA, you lower your taxable income and therefore decrease the amount of taxes you pay.