Federal Tax Savings

To figure out how much you can save in federal taxes if you set aside a portion of your salary on a pre-tax basis to pay for insurance benefits, health FSA benefits and/or DCAP benefits under the cafeteria/flex plan, and/or to pay for transit and parking benefits under the transportation plan, you can use a handy Tax Savings Calculator that we've licensed from the Employee Benefitts Institute of America, LLC. The Tax Savings Calculator will also show you whether you save more in federal taxes by electing DCAP benefits and paying for them with pre-tax salary reductions, or by claiming the Dependent Care Tax Credit.

System Requirements

The Tax Saving Calculator requires an Internet browser and the Macromedia Flash 6 plug-in or higher, which is already installed on most systems. When you launch the Tax Savings Calculator, you will be prompted to download the plug-in if it's not already installed on your computer.

Launching the Tax Savings Calculator

You'll need to enter a password to use the Tax Saving Calculator. If you do not have the password, please contact us at the below information to obtain one. Now click here open TSC03a to launch the Tax Savings Calculator and enter your password. You'll be surprised by how much you can save in taxes by participating in the cafeteria/flex and transportation plans.

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