Holiday gifts are not the only thing Americans should rush to buy amid the holiday fray: For many, Dec. 31 marks the last day to use up any remaining FSA funds. Flexible spending accounts, or FSAs, ...

How Brenton Harrison, founder of New Money New Problems, is talking to his clients about maximizing their FSA accounts.

At the top of each year, many companies offer employees the option of putting tax-free money into a flexible spending account, or FSA, so you can use it on medical expenses over the course of the year ...

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offer the accounts to set aside pre-tax money from their paychecks for out-of-pocket healthcare or dependent care expenses. Almost 25% of FSAs require account holders to spend all the money by the end ...