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  2. Flexible spending account - Wikipedia

    en.wikipedia.org/wiki/Flexible_spending_account

    In the United States, a flexible spending account (FSA), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings. [1] One significant disadvantage to using an FSA is that funds not used by the end of the plan year are forfeited to the employer, known as the "use it ...

  3. Medical savings account (United States) - Wikipedia

    en.wikipedia.org/wiki/Medical_savings_account...

    The MSA for the self-employed person or business is now called an 'Archer MSA' by the Internal Revenue Service (IRS). The 'Archer MSA' term refers to the sponsor of the HIPAA amendment creating the accounts in 1996, Congressman Bill Archer of Texas. The Archer MSA is considered an IRS pilot program that must be extended by the US Treasury ...

  4. Internal Revenue Code section 132(a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...

  5. You may be able to deduct more from your income in 2024, IRS ...

    www.aol.com/may-able-deduct-more-income...

    The IRS announced annual inflation adjustments ... more than a combined $487,450 will pay 35% in federal income taxes. ... salary contributions to health flexible spending arrangements will ...

  6. IRS announces new income tax brackets - AOL

    www.aol.com/irs-announces-income-tax-brackets...

    If your employer gives you the option to contribute to a Flexible Spending Account, which lets you save tax-deductible income to cover your out-of-pocket medical expenses in a given tax year, the ...

  7. Here's how the self-employed can save on taxes and help ... - AOL

    www.aol.com/finance/heres-self-employed-save...

    In 2021, the number of self-employed workers in this country jumped to 14.9 million in the second quarter, after falling to 12.7 million a year earlier, according to a Pew Research Center report.

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