What are the tax advantages of Flexible Spending Accounts (FSAs) & Health Savings Accounts (HSAs)?Updated 6 months ago

Contributions to both Flexible Spending Accounts (FSAs) & Health Savings Accounts (HSAs) are made with pre-tax dollars, which means that the money contributed to these accounts is not subject to federal income tax. Additionally, any interest or investment earnings on the funds in these accounts grow tax-free. When used for qualified medical expenses, withdrawals from Flexible Spending Accounts (FSAs) & Health Savings Accounts (HSAs) are also tax-free.