FAQs

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• What happens if my carryover funds are not used? Open Closed

  Your carryover funds will carry over year-to-year. The total carryover balance cannot exceed $660 at any time. If you have more than $660 left in your account, the unused funds that aren't carried over will be forfeited. To carry over funds, y… Read more…the full answer

• If I deplete my carryover funds with current year expenses and later submit a prior year expense, will the funds be adjusted to allow the new claim to be reimbursed? Open Closed

  No. Claims are processed based on the order in which they are received and balances cannot be adjusted. To ensure eligible prior year expenses are applied towards the carryover account, it's recommended that you submit those claims before April 3… Read more…the full answer

• What happens to my carryover funds if I separate from the government? Open Closed

  You have until April 30 of the following year to submit claims towards your current year and carryover balance. Any balances remaining for which claims were not submitted by April 30 will be forfeited. … Read more…the full answer

• I meet the requirements of a Qualified Reservist. Do the same carryover rules apply for the Health Care FSA and the Limited Expense Health Care FSA? Open Closed

  Yes. Carryover rules apply to Health Care FSAs and Limited Expense Health Care FSAs.… Read more…the full answer

• What is a Dependent Care FSA? Open Closed

  A Dependent Care FSA (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services, such as preschool, summer day camp, before or after-school … Read more…the full answer

• What expenses are eligible for reimbursement under a DCFSA? Open Closed

  You can use DCFSA funds to pay eligible dependent care expenses for care of your dependent children under age 13, or for a person of any age whom you claim as a dependent on your federal in… Read more…the full answer

• What expenses are NOT covered by DCFSA? Open Closed

  Examples of ineligible DCFSA expenses include: Education or tuition fees Expenses for children age 13 and older Late payment fees Overnight camps Payment for services not yet provided (*payment in a… Read more…the full answer

• Who is a qualifying dependent for a DCFSA? Open Closed

  A qualifying dependent for a Dependent Care Flexible Spending Account (DCFSA) is your tax dependent who is: A child under age 13 Your spouse or other tax dependent (regardless of age) who is mentally or phys… Read more…the full answer

• Does a DCFSA or the Dependent Care Tax Credit provide better savings? Open Closed

  It depends on your particular tax situation. You may apply up to $3,000 of expenses paid in a year for one qualifying individual, or $6,000 for two or more qualifying individuals to your taxes through the Dependent Care Tax Credit. If you h… Read more…the full answer

• Are dependent care expenses paid with a DCFSA tax deductible? Open Closed

  You are not permitted to claim the same expenses on both your federal income taxes and Dependent Care FSA (DCFSA), although in certain situations you may be able to take advantage of both the DCFSA and the Child and Dependent Care Tax Credit. … Read more…the full answer