Reply to I am still angry about losing the money in my dependent care FSA for 2019

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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][quote=Anonymous][quote=Anonymous]I have always hated the system where you have to guess (months before the year even starts) what your needs will be for the whole year and then you are penalized by losing the money if you guess wrong. I think that is extraordinarily unfair (especially when it comes to the health care FSA because there is no way to know in advance what your healthcare needs will be or how much they will cost!). I don't understand why Congress hasn't required that people get the money they deposited back! Thankfully, we were given the option to stop contributing at some point last year, but I still lost money.  It's not going to break us, and we are luckier than many people since our jobs are safe, but it still irks me to no end.[/quote]

Dude - Just make up expenses and submit them.  I used to do them when we were contributing. Examples:  Take last year's receipt (of a service provider you will likely be using again next year), change the date, scan and submit; get someone in your close family/friends to give you receipts for childcare.  You can reimburse them for tax impact or tip them if they are younger teens..  Worse case scenario, expense gets denied.

Yeah, yeah.. I know ethics and all that BS.  but this whole system is setup to milk people like us.  The law could have simply allowed you to deduct this amount but no, they have to set up a convoluted scheme that required someone to adminster it and those people end up taking your money if you don't incur the expense or forget to submit expenses. Scam![/quote]

This is [b]probably [/b]fraudulent but I’d absolutely agree with PP here regardless and submit a doctored receipt. This is ridiculous and it’s your money. So long as you file your taxes correctly (that is don’t claim the fake expenses there) your risk is very low.[/quote]

Probably?  [/quote]

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