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Glossary Definition

What is a Flexible Spending Account?

A flexible spending account (FSA) is a type of tax-advantaged savings account established by an employer for the benefit of its employees. Employees and employers can both contribute to employee accounts. The money saved must be used to cover qualified medical and dental expenses. FSA contributions are tax-deductible to the employee, but they must be used within the year the contribution is made.

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Corvee Blog

Read the latest tax planning thought leadership from Corvee.

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Tax Planning Strategies

Our team of tax experts has scoured tax rules and regulations to create detailed tax strategies you can use to find savings for your clients.

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