flexible spending account. seeking info
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Seeking Info/advice on Flexible Spending Acct. for Childcare Expenses
Asked by K.O. from Dallas
on November 12, 2007
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Hello,
Since I just started back to work recently and we have our little one in daycare, my husband and I are contemplating enrolling in the Flexible Spending Acct....
Answers
- If you spend a lot on childcare then the FSA will probably be better than using the tax credit. The way you can figure out how much you'll save is by crunching the nu...
- I guess it depends how much you spend on childcare. I max out our flexible spending account (which is $5000, I think) and that is money that is not taxed. On my fede...
- Hi K., I asked our tax guy the same question! It's the same as claiming it on your taxes at the end of the year. Of course, it may be different if you're in a diffe...
