Extra Time Likely Ahead to Spend that Flex Money

May 25, 2005

Every chance I get, I encourage people to take advantage of their flexible spending accounts at work.

The opportunity to set aside tax-free money for out-of-pocket health care expenses or child-care costs means that right off the bat, you'll save at least 20 percent in taxes, and up to 40 percent if you're in a high tax bracket.

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