FSA Employee Savings Calculator


Flexible Spending Account funds are deducted from your gross pay before taxes. Therefore, participating in a Flexible Spending Account via salary reduction may reduce your tax burden and increase your take-home pay.

The following FSA Employee Tax Savings Calculator will help you estimate your potential savings. Provide us your information

Provide us your information

Wages/Deductions Taxes Estimated Annual Expenses
Pay Cycle: FICA Tax Percent: Out of Pocket Amount you would contribute to an FSA
# %    
Gross pay per pay period: Federal Income Tax Percent: Health Care:  Health Care:
$ % $ $
Pay period health insurance deduction: State Income Tax Percent: Dependent Care: Dependent Care:
$ % $ $

Annual Assumptions based upon your information

Without FSA   With an FSA Election
Annual gross pay:
$
Annual gross pay:
$
Tax deductions:
$
Tax deductions:
$
Insurance deductions:
$
Insurance deductions:
$
Annual net pay:
$
 
Contribution estimates from above:
$
Contribution estimates from above:
$
Disposable Earnings:
$
Annual net pay:
$

Annual Savings using an FSA

$

Disclaimer:

This Calculator is for planning purposes only. While this Calculator is designed to demonstrate potential tax savings, it 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, or participant gains due to overspent accounts when coverage terminates early. By using this Calculator, the user agrees that Infinisource, Inc. shall not be liable for any failure to achieve the actual savings projected by this Calculator.

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