A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Health Savings Account (HSA)A tax-advantaged account for medical costs, paired with a high-deductible health plan, offering strong tax benefits.
- Pre-Tax ContributionMoney put into an account before taxes are applied, lowering your taxable income now and taxed on withdrawal later.
- Tax-Advantaged AccountAn account offering tax breaks on contributions, growth, or withdrawals to encourage saving for goals like retirement.
- DependentA qualifying child or relative you support financially, which can unlock deductions and credits on your return.
- WithholdingMoney your employer takes out of each paycheck and sends to the government toward your expected tax bill.
Turn this into a brick
Knowing what Flexible Spending Account (FSA) means is knowledge — the first half. A brick gets placed when you act on it.
More in Taxes
1099Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDividend Tax
Plain-English education — not personalized legal, tax, or investment advice.