Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
According to the information in my employer's plan (which, by the way I believe is the only way to take advantage of these accounts. I don't believe they are available to the self-employed, but I could be wrong):

Medical - No income limits, $3,000 annual cap on deposits.

Dependent Care - $5,000 combined family limit (i.e. if your spouse also has a DCFSA the total contribution to the two plans is limited to $5,000). Contributions are limited to the spouse's earned income.

IRS restrictions regarding pre-tax benefits could also prohibit you from contributing the maximum amount based on the combined benefits from FSAs and a 401(k) plan. I don't have the details on these limits.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement