I probably should save at least the tax on those expenses, right?
Yes. And ita's right about the full amount being available to you even if you change jobs before the end of the year.
There's more than one way to skin a cat. And I happen to know that's factually true.
Mayor ,'Lies My Parents Told Me'
Natter 64: Yes, we still need you
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Dana - Nov 19, 2009 7:18:45 am PST #20219 of 30001
I'm terrifically busy with my ennui.
ChiKat - Nov 19, 2009 7:20:37 am PST #20220 of 30001
That man was going to shank me. Over an omelette. Two eggs and a slice of government cheese. Is that what my life is worth?
And ita's right about the full amount being available to you even if you change jobs before the end of the year
Kind of. The full amount is available as long as the purchases were made prior to your termination date. I left my job this year and the official termination date was 6/8/09. I could make claims on the full amount as long as all the purchases were made on or before 6/8/09.
-t - Nov 19, 2009 7:21:16 am PST #20221 of 30001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
I think so, Kathy. The pre-tax savings is nice to have in general, and since you know you'll have those expenses, I don't really see a downside.
Jessica - Nov 19, 2009 7:22:46 am PST #20222 of 30001
And then Ortus came and said "It's Ortin' time" and they all Orted off into the sunset
It took me a few years to get my FSA deduction in line with my actual expenses, but the tax savings are pretty sweet.
§ ita § - Nov 19, 2009 7:26:55 am PST #20223 of 30001
Well not canonically, no, but this is transformative fiction.
If you have expenses whose cost and dates you can predict, do the math and sock away as much as you can afford. I tended to put away my deductibles plus a little more, but you can spend it on pharmacy purchases as well. I never got organised enough to do that, not least of all because it took years for my meds to stabilise.
I swear all that talk of vasovagal episodes in Bitches has made them come back for me. Curses. I just stretched (sitting down!) and got light headed. I've been so much better with them since I started working.
Kathy A - Nov 19, 2009 7:28:27 am PST #20224 of 30001
We're very stretchy. - Connie Neil
You can adjust the amount deducted later in the year, right? Because most of my expenses are going to be in the first quarter, so I'll be socking it away then, but would like to cut back on the deduction after Easter.
P.M. Marc - Nov 19, 2009 7:29:23 am PST #20225 of 30001
So come, my friends, be not afraid/We are so lightly here/It is in love that we are made; In love we disappear
Seeing your father and mother talk in English can't help either.
Yep. That, too.
The native Esperanto speakers I've read about all grew up with it as the primary household tongue, not a unique experiment.
ChiKat - Nov 19, 2009 7:31:26 am PST #20226 of 30001
That man was going to shank me. Over an omelette. Two eggs and a slice of government cheese. Is that what my life is worth?
You can adjust the amount deducted later in the year, right?
Not mine.
But, it doesn't really matter. Figure out how much you want to put away. Say $600 total, so $50/mo. As of Jan. 1, you can use the entire $600 even though you haven't deposited that much yet.
Vortex - Nov 19, 2009 7:33:06 am PST #20227 of 30001
"Cry havoc and let slip the boobs of war!" -- Miracleman
I got mugged in Nice, France.
well, that's neece, not nice.
Kathy A - Nov 19, 2009 7:33:15 am PST #20228 of 30001
We're very stretchy. - Connie Neil
As of Jan. 1, you can use the entire $600 even though you haven't deposited that much yet.
Really? Cool! That means I can get my glasses right away as well as schedule my dental cleaning.