2min chapter

Planet Money cover image

My Favorite Tax Loophole

Planet Money

CHAPTER

I Love FSA's

In 1978, there was this big tax code overhaul that addressed this by taking those executive perks and allowing all of them to pay for their own taxes. The FSA sort of evolved from that milieu and it can be a useful thing if you have predictable health expenses or, God forbid, if you end up in the hospital unexpectedly. But this gets to the reason I have a love-hate relationship with FSA's. What if you find yourself in the same situation as Regina at Champong? Yes. If you have just one month to spend $2,000 on exclusively IRS-approved healthcare craft. That's right. So, I literally solicited some guidance on Twitter. What am I going

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