Friday, December 21, 2012

CHECK THE BALANCE IN YOUR FLEXIBLE SPENDING ACCOUNT


Just a reminder. If your employer still has not implemented the 2½-month grace period that IRS now permits you must clean it out by December 31. If you do not, any money remaining in your account is forfeited.

Remember that in the Patient Protection Act there is a $2,500 annual ceiling on health FSA that takes effect for 2013.

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