FSA Calculator: Estimate Your Healthcare Savings and Tax Benefits
You can save on federal, state, and local taxes for many medical and dependent care expenses when you put pre-tax dollars into your Flexible Spending Account (FSA).
Use the calculator below to base your dependent care or medical FSA contributions on an estimate of qualifying expenses that you may have throughout the year.
Your Information
Medical Expenses
Please refer to our full list of health FSA-eligible expenses when making your calculations.
Dependent Care Expenses
Please refer to our full list of dependent care expenses when making your calculations.
Frequently Asked Questions About FSA Contributions and Savings
-
How Do I Use the FSA Calculator?
How Do I Use the FSA Calculator?
Under the “Your Information” section input your annual salary.
Under the “Medical Expenses” and “Dependent Care Expenses” sections input the actual or expected costs for care and medical expenses.
-
What Is a Flexible Spending Account (FSA)?
What Is a Flexible Spending Account (FSA)?
A Flexible Spending Account (FSA) allows employees to use pre-tax dollars to pay for eligible out-of-pocket healthcare expenses for themselves, their spouse, and eligible dependents.
-
Are FSAs Mandatory?
Are FSAs Mandatory?
No, FSAs are a voluntary plan that an employee can choose to contribute to. Employers can also choose to make contributions to employee FSAs as an incentive.
-
How Much Can I Save in an FSA?
How Much Can I Save in an FSA?
Enrolled employees can contribute up to an annual maximum of $3,300 or $5,000 for dependent care expenses in 2025. Any unused money at the end of the plan year will be forfeited.
-
What are the Benefits of an FSA for Healthcare and Dependent Care Expenses?
What are the Benefits of an FSA for Healthcare and Dependent Care Expenses?
A Medical FSA can cover eligible expenses such as: co-pays, prescription medicines, over-the-counter medications, vision care, and dental work.
If an employee chooses to, they can use a dependent care FSA to save funds in a tax-advantaged account to pay for expenses related to care for a child under the age of thirteen or an adult dependent who is unable to care for themselves.
Qualifying dependent care expenses include the cost of certain adult or child day care, preschool tuition, in-home caregiving, or day camp.
-
How Can I Maximize Tax Savings With an FSA?
How Can I Maximize Tax Savings With an FSA?
Employees can maximize their savings by utilizing tools like this FSA calculator to make sure they are contributing an amount accurate to their actual expenses.
FSAs have a carryover limit for unused amounts. If an employee does not fully utilize the amount they contributed to their account, they may lose money if the remaining amount surpasses the carryover limit.