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Old 11-14-2014, 04:46 PM
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Regards dependent care flexible spending account FSA

Hi,
I put $5000 for the FSA last year and I have been reimbursed almost with that. I just find today that I am not eligible for that as my wife is not working. However she was always trying to find a job. Now what I should do to get these $5000 be taxed. I am afraid that I have to pay all the $5000.

Aside from that I have 2 kids. One of them has pdd+adhd. My wife has to take care of that kid by going to multiple therapies and services during the day so it is important to put the other kid in the daycare. Can this helps us to be eligible for this $5000?

Thank you



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Old 11-15-2014, 03:12 PM
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Join Date: Oct 2010
Posts: 5,090
I put $5000 for the FSA last year and I have been reimbursed almost with that. I just find today that I am not eligible for that as my wife is not working. However she was always trying to find a job. Now what I should do to get these $5000 be taxed. I am afraid that I have to pay all the $5000.========= Only eligible expenses can be reimbursed under the FSA. Your limited health care FSA funds are available only for certain expenses.I think so; When pre-tax contributions are submitted to an ineligible individual’s fSA/ hsa, the tax savings may eventually be disqualified and additional penalties may be assessed for every year the money remained in the account. This means if an employer was responsible for depositing the ineligible contributions, either through a standard employer contribution or an employee’s payroll deduction, the employer must reverse such contributions and remit the associated taxes and penalties.
Please note that the IRSmay modify the list of eligible expenses periodically. If you are unsure whether an expense is eligible ornot, please contact UHC Customer Care or refer to the FSA plan document.

Aside from that I have 2 kids. One of them has pdd+adhd. My wife has to take care of that kid by going to multiple therapies and services during the day so it is important to put the other kid in the daycare. Can this helps us to be eligible for this $5000?========= A dependent care FSA covers qualified dependent care expenses incurred for the care of one or more eligible dependent children or relatives; eligible expenses for the health care FSA are for you, your lawful spouse, or anyone you claim as a depended on your tax return; A qualifying individual is your dependent child under the age of 13 who lives with you for more than half the year ; your spouse or other qualifying dependent who is physically or mentally incapable of self-care and lives with you for more than half the year.



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