A ________ allows a taxpayer to put pre-tax dollars into an employer-sponsored program to cover medical expenses or child care costs.

Question

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A flexible spending account (FSA) is a type of savings account available in the United States that provides the account holder with specific tax advantages. It allows an individual to set aside pre-tax earnings to pay for qualified expenses, such as medical or dependent care expenses, thus reducing their taxable income.

A ________ Allows a Taxpayer to Put Pre-Tax Dollars into an Employer-Sponsored