A Word About Forfeitures
By putting money into your spending accounts, you
can save 26%-45% in taxes for eligible expenses. Many
employees say they don't use the spending accounts
because they are afraid of forfeiting money,
although few employees actually do.
Although there is a possibility of forfeiting money,
consider your tax savings. For example, an employee
with an annual salary of $22,000 and spending account
contributions of $2,000 could potentially save $580.
If this same employee forfeits $55, he still saved
$525.
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