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Medical Flexible Spending Account (FSA)
Regulated by the IRS, the Flexible Spending Account (FSA) program allows you to set aside a portion of your income on a pre-tax basis to pay for eligible medical, dental and pharmacy expenses that are not covered under your employer's health plans. The money you deposit into an FSA is a pre-tax contribution that will avoid be taxed. That saves you money on every dollar you set aside.
Dependent Care Assistance Program (DCAP)
The Dependent Care Assistance Program (DCAP) is a valuable component of any employee benefit program. Regulated by the IRS, this program let you pay for eligible dependent care expenses with pre-tax dollars. In other words, the money you deposit into the DCAP will never be taxed. That saves you money on every dollar you set aside. You can save as much as 30% on dependent care expenses by participating.
Qualified Transportation (QTA)
The QTA is a valuable component of the any employee benefit program where individuals are using mass transit or incurring parking expenses related to work. Regulated by the IRS, this program let you pay for eligible transportation expenses with pre-tax dollars. In other words, the money you deposit into the QTA will never be taxed. That saves you money on every dollar you set aside. You can save as much as 30% on transportation expenses by participating.
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