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Iam 65 yrs old...i pay for medicare out of my monthly social…

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Iam 65 yrs old...i...

Iam 65 yrs old...i pay for medicare out of my monthly social security ck part b is deducted by social security monthly.My question my employer is deducting cafe 125 from my can stop them?

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

My employer is not paying any insurance for me so do I have to allow them to continue taking a deduction via the cafe 125

Submitted: 3 months ago.Category: Tax
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Answered in 23 minutes by:
3/23/2018
Tax Professional: Lev, Tax Advisor replied 3 months ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,120
Experience: Taxes, Immigration, Labor Relations
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You may have FSA flexible spending account for health purposes under section 125 - that is OK.

you and your employer are allowed to make pre-tax contributions into that account - and the money may be spent for medical reasons.

That will provide some tax saving.

However - be sure to submit your medical receipts before the deadline.

You may have Medicare and health FSA at the same time - that is not an issue.

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Tax Professional: Lev, Tax Advisor replied 3 months ago

I appreciate if you take a moment to rate the answer.

Experts are ONLY credited when answers are rated positively.

If you still have any doubts, need clarification - please be sure to ask.

I am here to help you with all Social Security / Tax related issues.

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