FSAFEDS Carry over Rules
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Anonymous
| If i have $1000 leftover at the end of calendar year 2024, can i use it to pay for appointments in January - march of 2025 and carry over up to 640 to 2025 (if anything is left)? |
Anonymous
|
No. Carryover means you can spend it on calendar year 2025 expenses. As of Jan 1 2025 you can only spend 2025 money plus the $600 or so of carryover from 2024.
The Jan-March period is for submitting receipts from 2024. So if you find a bunch of eligible expenses in your Amazon account from 2024 you have through March to submit them. |
Anonymous
| No, you can't only carry over $600 (or maybe $620, I forget) from 2024 to 2025. Better go get yourself some new glasses or something otherwise that's $400 down the drain. |
Anonymous
| oh fudge |
Anonymous
|
Buy FSA eligible OTC products. Lots of them. Expensive ones.
Getting new glasses is good. |
Anonymous
| There is still time. Search FSA on Amazon and stock up. |
Anonymous
| Also you have to sign up for 2025 to get the roll over. If you do not you lose the funds. |