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It's that time of year again to determine how much can be put away in the FSA. I have several questions.

Both my wife and I can contribute to FSAs through our employers. Each employer limits medical expense deductions to $2400. I'm considering LASIK eye surgury which costs around $3200. Could I contribute $2400 and my wife $800 to our FSAs or does the IRS limit the total yearly contributions per married couple?

My wife also has $5000 put into the FSA for child car expenses. Will this amount affect the amounts that can be contributed for medical expenses? Is there a upper limit on all FSA contributions (child + medical) for married couples? I assume Uncle Sam doesn't want too much money avoiding taxation.

IF
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