FSA Question

mrs07
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FSA Question Mar 5, 2015 15:33:02 GMT -5 via mobile

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Post by mrs07 on Mar 5, 2015 15:33:02 GMT -5

I just noticed that my company put $5000.04 into my dependent care fsa for 2014. The legal max is $5000, so that four cents is just lost, right?

Whereas for my health care fsa, I have them take out well less than the $5k max, so I can claim the extra two cents that they took out, correct? $120.02 instead of $120.

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ds1 born 5.2011
ds2 born 3.2014

leeluu Full Member Posts: 1,436 Likes: 679	FSA Question Mar 5, 2015 15:47:07 GMT -5 via the ProBoards App Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by leeluu on Mar 5, 2015 15:47:07 GMT -5 Really?
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karinothing Elder Posts: 28,218 Likes: 21,768	FSA Question Mar 5, 2015 16:49:06 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by karinothing on Mar 5, 2015 16:49:06 GMT -5 You can spend the 4 cents you will just pay taxes on it later. I put 5K into my dependent care FSA when I really should have put $2500 (we file separate). I did not lose the money, I just paid taxes on it at tax time.
	Back to Top DS1: 10/24/2011 DS2: 07/29/2015

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FSA Question

Post by mrs07 on Mar 5, 2015 15:33:02 GMT -5

Post by leeluu on Mar 5, 2015 15:47:07 GMT -5

Post by karinothing on Mar 5, 2015 16:49:06 GMT -5