The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: FSA - Medical||Date: 9/5/2000 8:22 PM|
|Author: TMFTaxes||Number: 39587 of 122562|
<<I am asking if there is any income limitions for being able to contribute to a FSA. The IRS has limitations on other pre- or post-tax contributions such as IRAs, 401k, and various tax credits. I don't want to contribute to a FSA to later find out that my income was to high.>>
As EG pointed out, the only limitation is the $5,000 for child care assistance. Other than that, the total amount of any FSA contributions are left up to the employer based upon the written plan. They can vary from employer to employer.
TMF Pixy might know more right off of the top of his head regarding cafeteria plans and FSAs. You might want to check him out.
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