Two types of Flexible Spending Accounts are offered: Health Care and Dependent Day Care.
You can enroll in one or both accounts. You contribute to these accounts through payroll deduction before paying federal income and Social Security taxes. When you have qualifying expenses, you may withdraw money from your accounts to pay those expenses.
This money is not taxed at withdrawal. In other words, you never pay federal income tax or Social Security tax on this money.
Contact your Human Resources Office, or CLICK HERE for more information.