FSA Grace Period for 2023 Ends Soon

The FSA grace period for spending funds you set aside last year for healthcare expenses expires soon. Don't leave money on the table.

March 15 written on a calendar to remind you an important appointment.
(Image credit: Getty Images)

Beware the Ides of March. The FSA grace period extends through March 15, 2024.

Some employers offer a Flexible Spending Account (FSA), enabling employees to contribute to a personal fund to pay for out-of-pocket healthcare or dependent care expenses. These tax-advantaged funds have an expiration date; you typically must use most or all of the FSA money in your account by the end of the 12-month plan period. About 36% of all FSAs allow a grace period to spend any remaining funds.

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Donna LeValley
Personal Finance Writer

Donna joined Kiplinger as a personal finance writer in 2023. She spent more than a decade as the contributing editor of J.K.Lasser's Your Income Tax Guide and edited state specific legal treatises at ALM Media. She has shared her expertise as a guest on Bloomberg, CNN, Fox, NPR, CNBC and many other media outlets around the nation.