Author Topic: Flex Spending and Savings Rate  (Read 1570 times)

rjbf65

  • Stubble
  • **
  • Posts: 102
Flex Spending and Savings Rate
« on: December 08, 2017, 11:33:12 AM »
I can't get it through my head how to treat my Flex Spending Account in regards to calculating my Savings Rate.

I use it for child day care expenses to save on taxes.  The money is saved up from my paycheck and I get reimbursed when I turn it in.  Typically do that twice a year. 

So do I count the money as income when I take the reimbursement?   

NextTime

  • Pencil Stache
  • ****
  • Posts: 857
Re: Flex Spending and Savings Rate
« Reply #1 on: December 08, 2017, 11:42:48 AM »
It is income


seattlecyclone

  • Walrus Stache
  • *******
  • Posts: 7264
  • Age: 39
  • Location: Seattle, WA
    • My blog
Re: Flex Spending and Savings Rate
« Reply #2 on: December 08, 2017, 11:46:28 AM »
I treat it as income when I get the money in my paycheck, and an expense when I make the underlying expenditure. Getting the money back out of the FSA as a reimbursement is neutral, it's just a transfer between accounts.