FSA Calculator
Calculate your Flexible Spending Account contributions, expenses, and potential tax savings. Plan your healthcare spending strategy with our comprehensive calculator.
Step 1: FSA Contribution Details
Understanding FSA Limits
For 2024, the maximum FSA contribution is $3,200 per year. FSA funds are use-it-or-lose-it, so plan your healthcare expenses carefully to maximize savings.
Step 2: Expense Planning
About FSA Tax Savings
FSA contributions are made with pre-tax dollars, reducing your taxable income. The actual savings depend on your tax bracket, with higher brackets seeing greater savings.
FSA Savings Results
Estimated Annual Tax Savings
Contribution Scenario Comparison
| Contribution Amount | Tax Savings | Per Pay Period | Expenses Covered |
|---|
Tax Savings Breakdown
FSA Savings Formula
Tax Savings = Annual Contribution × Tax Rate
To calculate FSA tax savings: Multiply your annual FSA contribution by your marginal tax rate (as a decimal). This represents the amount you save by using pre-tax dollars for healthcare expenses.
Need Professional FSA Planning Assistance?
Connect with our financial experts for detailed FSA strategy, contribution planning, and healthcare expense optimization.
Get Professional Analysis