Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Is the IRS making the rules or are the companies
with the plans?

The IRS made the rules... but let's make sure you got everything you could from your first employer based on the IRS rules......

You said the child care expenses came while you were at the first job.

If you requested a total of $2400 to be withheld for the year from the first employer, and quit after paying in only $1200.

You are entitled to up to $2400 in child care expenses incurred while working for the first employer, you are NOT limited to $1200.

For those individuals who know they are going to be "downsized" early in the next year, this is a great planning technique for the medical side of the plan... dental, annual physicals, eye glasses, ...
Print the post  


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.
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.
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.