Here's Why It Pays to Put at Least $1,600 Into Your 2023 Flexible Spending Account

If you recently got a new job, or if you're still in the process of finalizing your employee benefits during your company's open enrollment period, then you may be tasked with deciding how much money to contribute to your 2023 flexible spending account (FSA). The upside of funding an FSA is getting a tax break on the money you put in. Plus, if you save in an FSA, you'll have a dedicated source of money you can use to cover healthcare bills during the year.