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Deductions & credits
a flex spending account is usually part of an IRS section125 cafeteria plan maintained by your employer. you get the tax benefit because taxable wages box 1 of your w-2 is supposed to be reduced by your contributions taken out of your paycheck and put into the account. for further questions about this talk to your employer's payroll department.
‎February 15, 2023
9:41 PM