If you have access to a flexible spending account for medical or dependent care, you should be taking advantage of the tax savings. But, these accounts can be tricky… so let’s discuss them for a bit. A flexible spending account is set up through your employer. It is almost like a savings account, except it doesn’t earn interest. What is does is allow you to set aside money tax-free. This reduces your overall income reported on your tax statements. Depending on the amount of expenses you have, this can move you into a lower tax bracket or at the very … Continue reading →