Curt's tax client, Terry, is employed at a large company that offers medical flexible spending accounts to its employees. Terry must decide at the beginning of the year whether he wants to put as much as $2,550 of his salary into the medical flexible spending account. Terry has excellent insurance through the company and is very healthy. He does not expect to have any medical expenses during the year. Terry does not itemize deductions. Should Curt recommend that Terry put the maximum in his medical flexible spending account? Why or why not?

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The Answer of Curt's tax client, Terry, is employed at a large company that offers medical flexible spending accounts to its employees. Terry must decide at the beginning of the year whether he wants to put as much as $2,550 of his salary into the medical flexible spending account. Terry has excellent insurance through the company and is very healthy. He does not expect to have any medical expenses during the year. Terry does not itemize deductions. Should Curt recommend that Terry put the maximum in his medical flexible spending account? Why or why not?

Curt's Tax Client, Terry, Is Employed at a Large Company