WEX Inc.

SEPTEMBER 7, 2023

Flexible spending accounts (FSAs) are a powerful tool for individuals and employers to save money on healthcare and dependent care expenses. Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget. Drive wellness that works Get your guide. Download now!

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InterWest Insurance Services

MARCH 22, 2022

Flexible spending account. Besides the fact that your employees use money that hasn’t been taxed to pay for these benefits, the payroll deductions for them also reduce their taxable income while raising take-home pay. Flexible spending accounts.

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InterWest Insurance Services

OCTOBER 27, 2022

Employees can save an average of 30% in federal, state and local taxes on items they already pay for out of pocket. Because these benefits are free from federal and state income taxes, an employee’s taxable income is reduced, which increases the percentage of their take-home pay.

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Flimp Communications

OCTOBER 30, 2024

HSAs Are Not the Same As FSAs Some of the confusion around HSAs may be rooted in their association with flexible spending accounts (FSAs). This message may resonate strongly during the weeks following April 15, when employees are researching strategies to reduce their tax burdens. But the similarities end there.

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Empuls

JULY 11, 2023

In this blog, we will discuss tax free or non taxable employee benefits. The primary purpose of this blog is to explore various tax free employee benefits and shed light on their advantages. By reducing the taxable portion of their income, employees can effectively increase their take-home pay.

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WEX Inc.

FEBRUARY 19, 2025

A dependent care flexible spending account (FSA) lets participants set aside pre-tax dollars to help pay for dependent care. Use our FSA calculator to see how FSAs can help you pay less taxes and increase your take-home pay. This blog post was most recently updated in February 2025.

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Flimp Communications

MARCH 11, 2025

There are, however, some critical differences between FSAs and HSAs , not the least of which is what that s stands for: health savings accounts vs. flexible spending accounts. First, they typically come with significantly lower premiums which means more take-home pay for employees or money that can be reinvested back into the HSA.

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