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Dependent Care FSA

Chalanachithram.com DB » New TF Industry Related » Archive through November 15, 2015 » Dependent Care FSA « Previous Next »
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Humpty_dumpty
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Posted on Friday, November 13, 2015 - 03:28 pm:       


Maharshi:


1500 bokka peduthunanava ( assuming your wife also working)
nen starting 1 yr lo chesaanu...pellam mandhu kee dabbul cut antay
vimmediate gaa start sesaa...for past 7 yrs using

(Message edited by humpty_dumpty on November 13, 2015)
 

Asdf
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Posted on Friday, November 13, 2015 - 03:08 pm:       


Sanju:

after itemizing manadi 12-16% range lo vuntadi...




%lu etc epudoo soodaledu ...turbo tax lo ne sestunna, soostaa options em vunnayo
 

Mass
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Posted on Friday, November 13, 2015 - 02:56 pm:       

Cool keka info thanks guys.
 

Idiot1
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Posted on Friday, November 13, 2015 - 02:50 pm:       

Health care fsa dependant care fsa separate accounts. Rendu mix and match cheyyakandi. Dependent care fsa ki iddaru working undaali.
 

Rasputin
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Posted on Friday, November 13, 2015 - 02:48 pm:       

Dependant care fsa is applicable only when both parents are working.
01/06/2012 - 169.4; 8/1/2013 - 182
 

Maharshi
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Posted on Friday, November 13, 2015 - 02:47 pm:       


Mass:

Worth ena 5k contribute cheyyatam? Koncham light veyyandi puraprajalara.



asalu edokati undani nee lighting valle telisindi ..Thx unkul
 

Maharshi
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Posted on Friday, November 13, 2015 - 02:46 pm:       


Humpty_dumpty:

dep fsa must and should...4-5 months lo ayipodhee total...even summer camps etc are covered.
the provider has to give you a statement with their federal taxID
so home day care ayina you must get their FIN




asalu bothiga emi teliyakunda bathikesthunna us lo premier schedules chusukunta ..chass

next year kanna set cheyali day care purpose ki .
 

Sanju
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Posted on Friday, November 13, 2015 - 02:44 pm:       


Asdf:

so 5k meeda tax free avvalsindi, credit matrame vastadi. easy ga 1k missed laga vundi




If I am reading your post right, mana effective fed tax rate kada choosukovalsindi... after itemizing manadi 12-16% range lo vuntadi...
 

Humpty_dumpty
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Posted on Friday, November 13, 2015 - 02:39 pm:       

babul
healthcare FSA veru dependent care FSA veru

dep fsa must and should...4-5 months lo ayipodhee total...even summer camps etc are covered.
the provider has to give you a statement with their federal taxID
so home day care ayina you must get their FIN
 

Asdf
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Posted on Friday, November 13, 2015 - 02:36 pm:       


Sanju:




so 5k meeda tax free avvalsindi, credit matrame vastadi. easy ga 1k missed laga vundi
 

Sanju
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Posted on Friday, November 13, 2015 - 02:34 pm:       


Asdf:

FSA tiskoledu, but daycare ki 5k ayyuntadi. FSA range lo tax benefits raava ipudu?




vasthaai...kani FSA vaadithey without tax kattesthaav daycares ki...


ayinaa 3k ney kada benefit fed tax ki...pedhagaa difference emee vundadu anukunta unless you are paying the whole yr expense with FSA..
 

Asdf
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Posted on Friday, November 13, 2015 - 02:32 pm:       

// The credit is worth between 20 and 35 percent of your allowable expenses. The percentage depends on the amount of your income. Your allowable expenses are limited to $3,000 if you paid for the care of one qualifying person. The limit is $6,000 if you paid for the care of two or more.//
 

Amaravathi
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Posted on Friday, November 13, 2015 - 02:31 pm:       


Amaravathi:

What about Parking/Transportation spending accounts??

maa company vodu 130$ parking/ 220$ per transportation per month flex spending account lo ettukovachu antunnadu...

kani parking ki nen appice daggira cash kadathaan rojoo... bills ela provide seyyali every month to get the money?




deeniki reply ivvurri FTs
 

Sanju
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Posted on Friday, November 13, 2015 - 02:31 pm:       


Man_of_masses:

yup... day care pariganaloki teesukole




anukunna..first post choodagaaney nenu kooda medical anikuni respond avvaboyi aagipoyya...

Dependent care FSA ki max limit entha?
 

Asdf
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Posted on Friday, November 13, 2015 - 02:29 pm:       


Sanju:

5K antey easy ga ayipothai kada....childcare ki ayithey?




FSA tiskoledu, but daycare ki 5k ayyuntadi. FSA range lo tax benefits raava ipudu? :-(
 

Man_of_masses
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Posted on Friday, November 13, 2015 - 02:29 pm:       


Sanju:

medical anukunnva?


yup... day care pariganaloki teesukole :D
Success Doesn't Guarantee Happiness..
http://i42.tinypic.com/54g1g2.png
 

Man_of_masses
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Posted on Friday, November 13, 2015 - 02:27 pm:       


Amaravathi:

6months lo ayipothundhi ga ee 5K if sending kid to daycare



Sanju:

5K antey easy ga ayipothai kada....childcare ki ayithey?



Success Doesn't Guarantee Happiness..
http://i42.tinypic.com/54g1g2.png
 

Sanju
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Posted on Friday, November 13, 2015 - 02:26 pm:       


Man_of_masses:




medical anukunnva?
 

Sanju
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Posted on Friday, November 13, 2015 - 02:26 pm:       


Man_of_masses:

5k ante not a good idea




5K antey easy ga ayipothai kada....childcare ki ayithey?
 

Amaravathi
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Posted on Friday, November 13, 2015 - 02:25 pm:       


Man_of_masses:

FSA lo entha pettina... adi aa year ye use cheseyalanukunta
so 5k ante not a good idea




6months lo ayipothundhi ga ee 5K if sending kid to daycare
 

Man_of_masses
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Posted on Friday, November 13, 2015 - 02:24 pm:       

FSA lo entha pettina... adi aa year ye use cheseyalanukunta
so 5k ante not a good idea
Success Doesn't Guarantee Happiness..
http://i42.tinypic.com/54g1g2.png
 

Andhrawala
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Posted on Friday, November 13, 2015 - 02:21 pm:       


Mass:



If i contribute 5k and join my son in day care from May2016, I will claim his expenses in 2017 correct ena? 5k bill chupinchi 5k tesukovachu am I right




5K daycare bill ante typically u will exhaust in 4-5 months min 1000-1200

SO can apply for reimbursement immediately after month. They will pay u FLex childcare as much as it was deducted


for Flex Medical it works different. U are contributing 5K but in 2nd month had major medical expense then u can get reimbursed for the full amount upto 5K
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Amaravathi
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Posted on Friday, November 13, 2015 - 02:19 pm:       

What about Parking/Transportation spending accounts??

maa company vodu 130$ parking/ 220$ per transportation per month flex spending account lo ettukovachu antunnadu...

kani parking ki nen appice daggira cash kadathaan rojoo... bills ela provide seyyali every month to get the money?
 

Mass
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Posted on Friday, November 13, 2015 - 02:15 pm:       

cool thanks guys
 

Humpty_dumpty
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Posted on Friday, November 13, 2015 - 02:14 pm:       


Mass:

I will claim his expenses in 2017 correct ena? 5k bill chupinchi 5k tesukovachu am I right



yes typically next year (2017) march ending waraku untundhee to file claims and get back your 5k

eveyr year last day naadu form fax sesthaanu withotu siggu

but your claim should be for expenes made in 2016

(Message edited by humpty_dumpty on November 13, 2015)
 

Time_pass
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Posted on Friday, November 13, 2015 - 02:11 pm:       

you will claim them in 2016 itself
all the money has to be used in 2016
if anything left will go to uncle sam
 

Mass
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Posted on Friday, November 13, 2015 - 02:08 pm:       


Andhrawala:




If i contribute 5k and join my son in day care from May2016, I will claim his expenses in 2017 correct ena? 5k bill chupinchi 5k tesukovachu am I right
 

Andhrawala
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Posted on Friday, November 13, 2015 - 02:03 pm:       

u save approximately 1500 based on ur income level
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Mass
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Posted on Friday, November 13, 2015 - 02:02 pm:       

Worth ena 5k contribute cheyyatam? Koncham light veyyandi puraprajalara.

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