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Reimbursement Accounts |
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Reimbursement accounts are a valuable benefit that lets you have money deducted automatically from your pay — before taxes are withheld — and set aside for certain expenses. There are two types of accounts: a Health Care Reimbursement Account and a Dependent Care Assistance Plan. Both help you better manage your money by letting you set aside a certain amount to be used for health care and/or dependent care expenses. And both help you save on taxes. You pay no federal income or Social Security taxes on your contributions to a reimbursement account. And in most cases, your contributions are exempt from state and local taxes as well. Your tax advisor can tell you if this exemption applies in your state.
For reimbursement forms, click here.
For questions or help, click here.
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