Apple Benefits Handbook Brought to you by BakerAvenue - As of June 2024 | Page 6

4

Optimize Your Apple Compensation Package | 10 Benefits to Take Advantage Of

Spending Account (FSA)

For employees who are not enrolled in the HSA, Apple provides a flexible spending account (FSA) that can be utilized for qualified healthcare costs not covered by insurance. In 2024, individuals can allocate up to $3,200 in pre-tax funds for expenses incurred within the contribution year. Additionally, there is an option to roll over up to $640 of unused funds into 2025.

Charitable Matching & Volunteering

At Apple, supporting employees' philanthropic efforts is a top priority. If an employee donates to a non-profit, Apple will make a 100% donation match up to $10,000. And if they choose to donate your time, Apple will contribute $25 for every hour they volunteer.

07

In contrast to it's name, learn about Charitable Remainder Trusts (CRT)

Here's a strategy to sell your highly appreciated assets tax-efficiently and it's not just for the charitably inclined. In fact, anyone with highly appreciated assets can use a CRT to their benefit. CRTs allow individuals to convert their highly appreciated assets into lifetime income in a tax-efficient manner. Read more on CRT

TIP

06