FSA Calculator

Get Started

Estimate how much you can save with an FSA

This handy FSA Calculator will help you estimate your health spending for the year so you can make an informed decision and take maximum advantage of your FSA.

Your privacy is important to us, the information you input throughout this tool will not be shared with any third party.

To start, please enter the following information about yourself.

Enter your annual income. If you are married and filing your taxes jointly, enter your combined annual household income. This will be used to determine your federal income tax bracket, and calculate your annual savings.

Annual Income

State/Province

Marital Status

Single Married

Enter the amount of money you expect to pay out-of-pocket (including copayments, coinsurance and deductibles) for the following services over the next year.

Routine Office Visits

Specialist Office Visits

Hospitalization / Surgery

Counseling / Therapy

Maternity / Infertility Treatments

Chiropractor / Acupuncture

Many Over-the-Counter (OTC) medical items are FSA-eligible. Our site, FSAstore.com, makes it easy to figure out exactly which are covered, and easily buy them with your FSA Debit Card - no paperwork required! Browse through our site, or check our handy dynamic products list to see what types of items are covered.

Prescription Medications

OTC Medical Supplies

Enter the amount of money you expect to pay out-of-pocket (including copayments, coinsurance and deductibles) for the following services.

Routine Dental Care

Specialty Dental Care

Orthodontia

Enter the amount of money you expect to pay out-of-pocket (including copayments, coinsurance and deductibles) for the following services.

Routine Eye-care

Glasses / Contact Lenses

Corrective Eye Surgery

Your Results

If you choose to contribute your total anticipated health expenses to an FSA*

Your annual FSA contribution will be:
Your estimated annual tax savings will be:
Your monthly withholding will be:
The difference in your after-tax monthly pay will be:
You will break even if you spend at least this much out of your account:

	Without FSA	With FSA
Annual Income
FSA Contribution
Taxable Income
Estimated Tax Withholding
Estimated Health Expenses
Net Pay
Estimated Tax Savings

*The I.R.S. limits your maximum annual contribution to $2,750 in 2020. Be mindful that your employer may also set limits on your maximum annual contribution, as well as which products and services are FSA-eligible, so please check with your employer’s benefit representative before making a final decision. The estimated tax savings provided are for illustrative purposes only, and should not be construed as tax advice. Consult a licensed tax professional for appropriate advice given your individual situation. Plan your FSA contribution carefully, since any unused funds will be forfeited following the end of your plan year or any grace period thereafter.AA

*The I.R.S. limits your maximum annual contribution to $2,750 in 2020. Be mindful that your employer may also set limits on your maximum annual contribution, as well as which products and services are FSA-eligible, so please check with your employer’s benefit representative before making a final decision.

**If you have a Health Savings Account, check out our HSA Tax Savings Calculator and HSA Future Value Calculator on HSAstore.com.

Health Care Expenses

$ 0

Estimated Tax Savings

$ 0

Flexible Spending Accounts are a great way to save money on out-of-pocket medical expenses.

By using pre-tax dollars, you are essentially saving 30% on your eligible medical, pharmaceutical, dental and eye care costs! The only challenge is figuring out how much money to set aside. We're here to help!

If you're wondering what kinds of products and services are FSA-eligible, browse the thousands of items on our site, or check our services section.*

For more information on FSA basics, check out our explainer: What is a Flexible Spending Account?