Yes. And that is the basis for the "savings" estimates that FSAFEDs will display when you select a withholding $$ amount.
On Tue, Dec 8, 2020, 6:05 PM bill_steele_sr via groups.io <bill_steele_sr=yahoo.com@groups.io> wrote:
Got it... So the $40 I gave to the doctor from my checking account was, in the final analysis, money Uncle Sam never touched- Correct? If he had touched it earlier my co-pay would have essentially been $50 because I got whacked for tax.
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