Tax-Advantaged Accounts · Money · flexible spending accounts
Which spending account is right for me?
Pay for care and childcare before tax.
The amount comes out of your pay before tax. Last year’s amount does not carry over: choose it again.
Tax-Advantaged Account Basics
- Elect distribution from your paycheck to add pre-tax income to an account
- Use that pre-tax money to cover certain expenses
- Lowers your taxable income
- See the page for more details
Watch the video
How can an FSA save me money?
The two accounts
Health Care FSA
Up to $3,400 for 2027. Up to $680 of unused 2026 money rolls over, if you elect at least $52 for 2027.
Dependent Care FSA
Up to $5,000. Nothing rolls over.
2026 claims
File them by February 28, 2027. Anything over the rollover limit is forfeited.
An example
Earn $35,000, put $1,500 in an FSA
Taxable income drops to $33,500. Spendable income after tax rises from $25,648 to $26,138. A single taxpayer with no dependents; yours will vary.
$490
Elect your 2027 amounts by 5 p.m. Central Time
Last day to file 2026 FSA claims
Do this
In Oracle by 5 p.m. Central Time on November 16, 2026, type the amount you want for 2027.
Before electing
- 1
Confirm all current contribution limits and the FSA rollover rule.
- 2
Use WEX to check whether an expense is eligible.
Who to call
Accounts: WEX · (866) 451-3399 · wexinc.com