Bottom-line Tip #3: Get the most out of Flexible Spending Accounts

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Make sure your company and your employees are taking advantage of the tax savings of Flexible Spending Accounts.

Whether it's for health care or dependent care (or both!), companies save FICA tax and some state and local tax. The participants can save up to 30 percent with federal, FICA and state! To educate employees, take advantage of savings calculators to show value. To ensure ease-of-use, implement FSA debit cards.