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Reply to "I am still angry about losing the money in my dependent care FSA for 2019"
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[quote=Anonymous][quote=Anonymous]Forgive me as I did not read the entire thread. But at least for the FSA in which I participate, the rules allow you to get your money back (after taxes are then withheld). For example, if I contributed $1000 for 2019, but I ended up not having any qualifying expenses, I could get back approximately $600 (assuming 40 percent in taxes). I had never known that in 20 years of participating, until it came up for me in 2020. It seem like our FSA did not really advertise it very well. The public policy goal is to not allow people to evade taxes. I completely understand that. I just think that they need to be clear that you should be able to get your money back (after proper taxes are withheld).[/quote] That is not the norm and a violation of the tax code that established these plans. This may have been allowable as part of the bill a PP referenced that was signed on 12/31.[/quote]
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