Hello all,
I have an Dependent Care FSA that runs until the end of March, due to my company's benefit cycle. Per my understanding, this means I have until then to submit my claim for my nanny expenses. However, given that there is a tax benefit, I assume I should claim as much as I can for the Calendar year, and then claim any additional expenses after January 1?
This may be a foolish question, but Is it simply my contributions to the FSA that matter for taxes, and not whether or I get reimbursed?/file a claim? This is my first year using a FSA and given that the benefit cycle doesn't match up with the tax year, it has me slightly confused.
Thanks
I have an Dependent Care FSA that runs until the end of March, due to my company's benefit cycle. Per my understanding, this means I have until then to submit my claim for my nanny expenses. However, given that there is a tax benefit, I assume I should claim as much as I can for the Calendar year, and then claim any additional expenses after January 1?
This may be a foolish question, but Is it simply my contributions to the FSA that matter for taxes, and not whether or I get reimbursed?/file a claim? This is my first year using a FSA and given that the benefit cycle doesn't match up with the tax year, it has me slightly confused.
Thanks
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