Flexible Spending Account (FSA) Calculator

Please note, this calculator is for planning purposes only.
Health Care Reimbursement Account Planning
To plan the amount that is right for you for the Plan Year, consider the following possible out of pocket expenses and complete the form below.
    Use the Tab key or mouse to move from field to field.
    Annual Amount
 $
 $
 $
 $
 $
 $

 
$ 0 / 26 = $ 0 per pay
The maximum annual contribution for HCRA is $4,992.
*OTC Drugs purchased without a prescription are not eligible.

Dependent Care Reimbursement Account Planning
To plan the amount that is right for you for the Plan Year, consider the following possible expenses and complete the form below.
Reimbursement of dependent care expenses can only by made to the extent of your payroll deductions to date at the time you submit the expense for payment.
    Weekly Amount
 $
 

 
$ 0 / 26 = $ 0 per pay
The maximum annual contribution for DCRA is $4,992.
DCRA Tax Savings Comparison

 
Number of dependent children:    
Adjusted gross income (for both you and your spouse) $ 
Are you married?   
or single?   

Comparing the Federal tax credit versus the dependent care reimbursement account
Annual dep. care cost:
$ 0
Max Allowable Expenses:
$ 0
Tax percentage (%) auto calculated
   0.00 %
Estimated tax credit:
$ 0

Calculating withholding tax savings using the reimbursement account

 
Annual dep. care cost:
$ 0
Marginal Federal tax rates:
   0.00 %
Social Security tax rate:
   0.00 %
State tax rate (MI):
   0.00 %
City tax, if applicable:    %
Total tax rate:
   0.00 %
Estimated tax savings:
$ 0
  
Based on the information you have provided. The greater of the 2 values (estimated tax credit, versus, estimated tax savings) would usually be your best choice.
Please note, this calculator is for planning purposes only.