Workterra will not capture, record, nor use for its own purposes the data elements
entered by you into this calculator.
worksheet will help you estimate your potential tax savings by signing up for a Flexible Spending
For most individuals, the tax savings from
using a Health Care Reimbursement Account will significantly exceed the tax credit
allowed if you claimed these expenses on your income tax form. Without an FSA, you can
only deduct health care expanses that exceed 7.5% of your Adjusted Gross income on your
income tax form. Because FSAs are tax free from the first dollar you do not have to meet
the 7.5% minimum in order to receive the tax advantage.