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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, to pay for transit and parking
benefits under the transportation plan, and/or to contribute
to the 401(k)/403(b) plan, you can use a handy Tax Savings Calculator
that we've licensed from the Employee Benefits Institute of America Inc.
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.
The Tax Savings Calculator requires an Internet browser and the Macromedia
Flash 6 plug-in or higher, which is already installed on most systems.
If you do not have the required Flash plug-in, you will be prompted to download it.
Launch the Tax Savings Calculator!
You'll need to enter a password to use the Tax Savings Calculator.
The password was provided to you by email.
If you do not have the password, please contact your HR or benefits department.
Now click here to launch the Tax Savings Calculator and enter the password.
You'll be surprised by how much you can save in taxes by participating in the cafeteria/flex, transportation, and/or 401(k)/403(b) plans!
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