Don't throw away your FSA money! FSA eligible expenses for 2022 include KN95 masks and COVID tests. Here's how to use your balance before year's end:
“Fun” and “spending pre-tax savings before the end-of-year forfeiture deadline” aren’t two things that usually go together. But if you have money left over in your healthcare flexible spending account, you’ll lose it soon unless you spend it on something. So why not something that’ll make your life a little better in 2023?
The maximum you could contribute to a tax-exempt flexible spending account this year was $2,850. The catch, though, is that you can spend that money only on qualified medical purchases, such as co-pays, prescriptions and doctor’s bills. But you can also use it to restock your medicine cabinet, prepare for theWhat about rolling over unspent FSA dollars into 2023, or having a grace period to spend them? Well, that depends on your specific plan.
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