Author Topic: Dependent Care FSA and uncertanty about SAHM?  (Read 1270 times)

jeromedawg

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Dependent Care FSA and uncertanty about SAHM?
« on: October 20, 2015, 08:45:24 PM »
Hey guys,

I was wondering if it's recommended or wise to contribute even a little to the Dependent Care FSA with a newborn in our hands. We were planning to go to SAHM for my wife but now she's kinda having second thoughts about that. Either way, do you guys think it's a good idea to contribute to a dependent care FSA? Or should we only do it if we definitely know we're going to use daycare etc?

TechMike

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Re: Dependent Care FSA and uncertanty about SAHM?
« Reply #1 on: October 20, 2015, 09:01:04 PM »
Money contributed to an FSA is "use it or lose it." In my opinion, it only makes sense if you know for sure you're going to use the money.

Dee18

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Re: Dependent Care FSA and uncertanty about SAHM?
« Reply #2 on: October 21, 2015, 08:34:14 AM »
When I was doing FSA, the rule was use it the same year you contribute or lose.  I think that is still the rule.