Tax Savings Calculator

Calculate Your Annual FSA Tax Savings

This calculator will give you an estimate* of the money you save by paying for eligible expenses through one or more of the tax-free benefits provided by your employer.

Fill in each box with the total expenses you have had or will have in a given plan year, click the “Calculate” button and see your savings.

Medical FSA/HSA

$ Medical Costs: co-pays, deductibles, prescriptions, OTC items, etc
$ Vision Costs: Glasses, Contacts, LASIK, etc
$ Dental Costs: Orthodontics, Fillings, Cleaning, x-rays, etc

Dependent Care FSA

$ Dependent Care Costs (up to $5,000 per calendar year)

Other Pre-Tax Benefits

$ Qualified Parking/Transit
$ Outside Insurance Premiums

Enter Your Overall Tax Rate (Federal + State + FICA)

If you don't know use 27.65 (15% + 5% + 7.65%)

Your FSA Savings Estimate*:

*This Calculator is for entertainment/planning purposes only and does not constitute a guarantee of actual savings. This Calculator assumes that premiums for healthcare coverage are taken on a pre-tax basis and does not take into account such variables as mid-year election changes, participant forfeitures, the Dependent Care Tax Credit, or participant gains due to overspent accounts when coverage terminates early. By using this Calculator, the user agrees that 24HourFlex shall not be liable for any failure to achieve the actual savings projected by this Calculator. No animals were harmed in the making of this calculator.