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Reply to "Really concerned about losing $2-3k Dependent FSA. Need suggestions"
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[quote=Anonymous]Tax person here. If you have an email from a camp where they cancel, that is a QLE. Your company has to let you stop your FSA deductions. I did this online with my HR dept and then submitted a copy of the email. Deductions stopped immediately. I only wish as a tax person I had thought to do this sooner 😀 House Dems put in their last plan a couple weeks ago had language that would roll your 2020 Dependent care FSA money over for the 2021 year (allowing you to put in less money next year). Obviously that bill isn’t going anywhere. BUT it’s on the radar and that is good. Millions of people use these accounts. If we all lost our money because of a pandemic and partisan politics that would be huge. Congress will not let that happen. It’s the equivalent of a pay cut at the hands of the government. Call your senator, call Republicans and make sure they know it’s critical to you. [/quote]
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