I've never used an FSA before and I was wondering if anyone out there has? Supposedly my employer will take the money out pretax and I submit a form each time I get a receipt from my daycare provider and I will be reimbursed. I've used an online calculator and it looks like this is better than the childcare tax credit of 600 for the year that I was previously getting. Looks like this works out to an additional 1200 for the year? Sounds great, keep your fingers crossed it's as easy as they're making it out to be!
Flexible Savings Account for Childcare?
July 22nd, 2014 at 04:00 pm