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2. Flexible spending account - Wikipedia

   en.wikipedia.org/wiki/Flexible_spending_account

   v. t. e. In the United States, a flexible spending account ( FSA ), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings. [1] One significant disadvantage to using an FSA is that funds not used by the end of the plan year are forfeited to the employer, known as ...

3. Health savings account - Wikipedia

   en.wikipedia.org/wiki/Health_savings_account

   A health savings account ( HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). [1] [2] The funds contributed to an account are not subject to federal income tax at the time of deposit. [3] Unlike a flexible spending account (FSA), HSA funds roll ...

4. Children's Savings Accounts - Wikipedia

   en.wikipedia.org/wiki/Children's_Savings_Accounts

   Children's Savings Accounts (CSAs) are a type of savings accounts in the United States, usually specifically designed for higher education savings. They are often available through state or local government programs or nonprofit organizations, in partnership with banks and credit unions. CSAs can be based in state-sponsored 529 plans or other ...

5. Best savings accounts for teenagers in 2024 - AOL

   www.aol.com/finance/best-savings-accounts...

   Best for the highest APY on all balances. Capital One Kids Savings Account. $0 minimum opening deposit. 2.50 percent APY. Capital One is an online bank, but it also has a brick-and-mortar presence ...

6. The 7 Best Savings Accounts for Kids of 2022 - AOL

   www.aol.com/7-best-savings-accounts-kids...

   Chase also has a fee-free debit card for kids. Additionally, if your minor is at least 17 and heading to college, Chase is offering a $100 bonus for opening a new Chase College Checking account ...

7. Tax breaks, freebies and other perks to help parents save money

   www.aol.com/tax-breaks-freebies-other-perks...

   Eligible expenses include day care, before and after school care, babysitting and camp until the child is 13 years old. To redeem, parents upload receipts and are reimbursed up to $5,000 annually.