Reply to Dependent care FSA

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's not criminal. If you're too lazy to submit your claim in the time allotted (many times well into the following year), you should lose the $. It's not that hard.[/quote]

last time i checked taking someone else's money is called stealing which is criminal[/quote]

Well, someone needs to report the IRS and every state tax agency.  If you don't file your tax return within a certain time frame (3 years in the district I believe), you lose out on any refund you may have been entitled to receive.  [/quote]

apples and oranges: the tax return stays in the tax coffin; the unclaimed FSA becomes the private entity of your FSA provider's free money. not to mention they never pay interests on the deposits in the first place.

it's a scam.[/quote]

I put $5,000 into my FSA for child care. I'm in the 33% tax bracket, plus another 5% for Virginia. So, the tax savings to me is about $1,900.

I use every penny. And I am willing to overlook the sub-1% interest I would be paid for that tax savings.[/quote]

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