Use the dollars in this tax-advantaged account now or you may lose them for good
Tom Werner | DigitalVision | Getty Images
If you were diligently saving money for medical expenses all year, you may be about to lose it.
A health-care flexible spending account, which you may have access to at work, allows you to save pretax dollars in a savings account.
You can take tax-free distributions from the FSA as long as you’re using the money for qualified medical expenses.
This money…
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