Shows & Panels
- Accelerate and Streamline for Better Customer Service
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Client Virtualization Solutions
- Data Protection in a Virtual World
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Feds in the Cloud
- Health IT: A Policy Change Agent
- IT Innovation in the New Era of Government
- Making Dollars And Sense Out of Data Center Consolidation
- Navigating the Private Cloud
- One Step to the Cloud, Two Steps Toward Innovation
- Path to FDCCI Compliance
- Take Command of Your Mobility Initiative
Shows & Panels
You Gotta Do What You Gotta Do
Wednesday - 11/21/2007, 7:24am EST
Why? Check and see what percentage of your income goes away in taxes each paycheck (including federal, state, local, Social Security, Medicare and others).
That's the discount you get by using pre-tax dollars and getting reimbursed out of your FSA.
But there's a catch. You must re-up every year.
The Office of Personnel Management says that every year, many feds who've already figured out that starting a Flexible Spending Account is a good idea, haven't figured out that keeping it is a great idea, because they either forget to sign up again or don't know they have to.
One of the most-asked questions we get about FSAs is, "why won't they let me just keep it going next year?"
The answer is simple -- and we'll tell you in tomorrow's report.