Users of flexible spending accounts face a dilemma each year. FSAs let you spend tax-free dollars on eligible dependent-care expenses or medical and dental charges that aren’t covered by insurance. But you must use the funds by year-end or forfeit the money. Many employers allow a grace period up to March 15; others let you roll over up to $500 into the next plan year.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
-
5 Ways to Save Money on Vacation Rental PropertiesTravel Use these strategies to pay less for an apartment, condo or house when you travel.
-
10 Annoying Hotel Fees and How to Avoid ThemTravel Here's how to avoid extra charges and make sure you don't get stuck paying for amenities that you don't use.
-
Your Guide to Open Enrollment 2023Employee Benefits Health care costs continue to climb, but subsidies will make some plans more affordable.
-
How to Appeal an Unexpected Medical Billhealth insurance You may receive a bill because your insurance company denied a claim—but that doesn’t mean you have to pay it.
-
Amazon Prime Fees Are Rising. Here’s How to Cancel Your Amazon Prime MembershipAmazon Prime Amazon Prime will soon cost $139 a year, $180 for those who pay monthly. If you’re a subscriber, maybe it’s time to rethink your relationship. Here’s a step-by-step guide to canceling Prime.
-
Make the Most of the New WorkplaceEmployee Benefits In the wake of the pandemic, employers are willing to be more flexible and inclusive.
-
Welcome to the Post-Pandemic Workplacework life balance There are five generations in the workforce for the first time. Here's how employers are trying to please everyone.
-
Workers: Expect Higher Salaries and More Perks in 2022Employee Benefits The pandemic economy, the “Great Resignation” and inflation are motivating companies to raise wages and find ways to increase employee satisfaction.
