When do I contribute to my FSA?

 

 

 

Question:

When do I contribute to my FSA Medical, Dependent Care or Limited FSA accounts?

 

 


 Answer:
Per IRS publication 969:

 

When To Contribute

At the beginning of the plan year, you must designate how much you want to contribute. Then, your employer will deduct amounts periodically (generally, every payday) in accordance with your annual election. You can change or revoke your election only if there is a change in your employment or family status that is specified by the plan.

 

 

NOTE:

                                                    

*FSA Transportation and FSA Parking can be changed at any time during the plan year.

 

 

 

 

 

 

 

 

 

 

 

 

 

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