Spending Accounts (HSA, FSA, HRA)

Feature Healthcare without FSAs and HSAs Healthcare with FSAs and HSAs
Annual Income $40,000
FSA contribution $0 $1,300
Taxable income $40,000 $38,300
Estimated tax withholding $9,668 $9,345
Estimated health expenses $1,300 $0
Net pay $29,345 $29,003
Estimated tax savings $0 $345