FSAs and HSAs provide tax advantages for health care expenses.

Name: FSAs and HSAs provide tax advantages for health care expenses.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both FSAs (Flexible Spending Accounts) and HSAs (Health Savings Accounts) offer tax advantages for health care expenses. Contributions to these accounts are made on a pre-tax basis, meaning they reduce your taxable income, and qualified medical expenses are tax-free when paid for using funds from these accounts.

FSAs and HSAs Provide Tax Advantages for Health Care Expenses