Don’t lose your FSA funds

If you have an FSA, make sure you are filing claims for all the money you can have returned. If you don’t use/claim the money before the deadline, you will lose it.

  • Calendar the deadline for claims.
  • Figure out if you need to spend more money in order to file a claim, say for new glasses.
  • If you have a child care account, get the proper documentation in advance of the deadline.

FSAs can be a good tool for tax advantages, but you have to watch the deadlines and requirements so that you don’t end up losing money you worked hard for.

NDQ

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s