Tax Guy: Open enrollment ​is coming: Sign up for tax-saving deals at work before the deadline

Cash is good, right? One super-easy way to put more in your pocket is by taking advantage of tax-saving opportunities at your job. Soon it will be time to sign up for these deals for next year via the so-called open enrollment process, and the open enrollment period at your company might begin before the end of this month. So get ready. Here are two open enrollment options that can painlessly increase your monthly cash flow by reducing your taxes.

Health care flexible spending account

Under a health care flexible spending account (health care FSA) plan, you make an election this year to contribute a designated amount of next year’s salary to your personal health care FSA.

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