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Thoughts: should I enroll for a Dependant Care FSA for next year? It seems like it could save me like $1,000 in taxes during the year...

Posted by TFox Nov 19 '09, 06:57

but it is also working on the assumption that he spends at least half the year in full time daycare/preschool, which is virtually assured if SheFox gets a new job, but she doesn't have the job yet. Or should I hedge my bets and only do a portion of the max, or not at all?

Responses:

if it works like ours did, it's a total pain - prayformojo Nov 19, 07:17 1
- I think how this would work is, since the daycare is more expensive than what I'm putting in the FSA... - TFox Nov 19, 07:32
I would only use it if you're guaranteed to be spending the money -- nm - oblique Nov 19, 07:11 1
- I guess that's the tough part. I can't really be *guaranteed* that we can use it. And yet, if I can't, so many things would have to go wrong... - TFox Nov 19, 07:13
if the cost isn't so bad, i'd say 'all in' -- nm - i'm not dead yet ! Nov 19, 06:59 4
- Well, it's $5,000 of "use it or lose it" money, so the risk is certainly there. -- nm - TFox Nov 19, 07:01 3
  - I'm curious who gets it if you "lose it"? Does it go to the feds? -- nm - znufrii Nov 19, 07:14 2
    - The Unicorn Preservation Fund. -- nm - TFox Nov 19, 07:15 1
      - god bless them. - znufrii Nov 19, 07:16

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Thoughts: should I enroll for a Dependant Care FSA for next year? It seems like it could save me like $1,000 in taxes during the year...

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