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Cyberabadsinnodu
Side Hero Username: Cyberabadsinnodu
Post Number: 4537 Registered: 02-2010 Posted From: 198.228.200.157
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 01:20 pm: |
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intaku mundu over the counter drugs ki fda use ayyedi but now tht option ledu...only for doc prescription ఎంత చికాగో యునివర్సిటీ లో చదువుకున్నా చిలక్కొట్టుడికి సరైన ఇంగ్లీషు పదం దొరుకుతుందా..!! |
   
Cyberabadsinnodu
Side Hero Username: Cyberabadsinnodu
Post Number: 4536 Registered: 02-2010 Posted From: 198.228.200.157
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 01:19 pm: |
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fsa disadvantages: u have to use the money by end of yr or loose it,some gove option to roll over audits vaste kastam will ask u bills for last 3yrs , ee tensions avasarama? ఎంత చికాగో యునివర్సిటీ లో చదువుకున్నా చిలక్కొట్టుడికి సరైన ఇంగ్లీషు పదం దొరుకుతుందా..!! |
   
Alochinchu
Junior Artist Username: Alochinchu
Post Number: 508 Registered: 03-2008 Posted From: 65.51.27.62
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 01:14 pm: |
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Jalsa:Dependent Care FSA ki both parents must be working or spouse should be studying full-time ani undhi maa enrollment package lo.
you do not have to provide any proof. you can enroll in DC FSA and claim. Anyway it is very rare people conrtibyute ahead if wife is at home and there is no need of dependent care. |
   
Jalsa
Hero Username: Jalsa
Post Number: 16596 Registered: 02-2008 Posted From: 159.53.110.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 11:55 am: |
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Dependent Care FSA ki both parents must be working or spouse should be studying full-time ani undhi maa enrollment package lo. |
   
Jalsa
Hero Username: Jalsa
Post Number: 16595 Registered: 02-2008 Posted From: 159.53.110.140
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 11:46 am: |
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Banda: so nenu vinnadi..correct annamaata.. I cannot claim as my wife is a homemaker
Yes. You are right. Same situation naadhi kooda. @Hyder, naa colleague (GC undhi) nanny ni hire chesaadu. he is claiming FSA for the amount he is paying her. Ofcourse, he has to give her SSN details while claiming ata. |
   
Telugu_times
Moderator Username: Telugu_times
Post Number: 34014 Registered: 02-2008
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 11:45 am: |
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Health Care FSA...risky if we know ahead...like kids dental clips etc or any surgery planned ahead...then that is fine. |
   
Mrhyderabad
Side Hero Username: Mrhyderabad
Post Number: 9453 Registered: 01-2008 Posted From: 98.221.83.14
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 11:44 am: |
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Thanks everyone... fsa-dep care account ki enroll chesaa finally. last 2 years nundi cheyananduku kicking myself... 2k per year waste ayipoyindi anyway, better late than never Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein |
   
Alochinchu
Junior Artist Username: Alochinchu
Post Number: 507 Registered: 03-2008 Posted From: 65.51.27.62
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 11:41 am: |
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if you are having family with kids.. try to enroll into spending accounts. You can enroll during open enrollment (around this time around) or new hire or any family status change. Health Care FSA - $2500 limit. use it or lose it. you can use starting from Jan 2013 until March 31 2014. and should be claim for re-imbursemnts by April 15th 2014. Usually for medical expenses, co-pay (office visits, Rx, etc.). The advantage on this is you can claim the full participation (just say $2500) amount in advance for any eligible claim. If you are terminated or laid off or leave the job you do not have to pay the remaining payments. If in case if you already contributed more and have to leave the job (for any reason) and do not have bills to claim then you lose that money. Dependent Care FSA: The limit is $5000. This is for day care, extended day care, after school, summer camp, etc. just you can say if you have care taker who can be cliamed with SSN or Tax ID. You can only claim the amount you have been contributing. You will lose the money only if you do not have eligible claim. Health Spending Account: This is very usefule much better than HC FSA above. But you can enroll only if your company is offering Consumer Driven Health Care plan (CDHP) which is high deductable with low premium. You can enroll only either this plan or HC FSA. The limit for Single is $3250 and for family it is $6450 and for age 50 and above can contribute $1000 more than that. You will not lose this money. Usually Employer contributes some money to it. It will be in the bank for ever. You can claim eligible bill any time. |
   
Alochinchu
Junior Artist Username: Alochinchu
Post Number: 506 Registered: 03-2008 Posted From: 65.51.27.62
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 11:24 am: |
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Rasputin:maa company fsa ki 2500 max ani limit ettindi. Daridrapu company daridrapu benefits.
for 2013? it is the IRS limits for 2013. It was reduced from $5000. Say thanks to Obama. It is not company driven. If company participates in FSA they have to go by IRS limits. since 2012.. over the counter expenses thesesaru.. |
   
Mikkymouse
Hero Username: Mikkymouse
Post Number: 11315 Registered: 04-2008 Posted From: 216.111.115.3
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, October 24, 2012 - 09:47 am: |
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Mrhyderabad:So is it better to setup this account so that u can use pre-tax dollars to pay for day care?
Yup. Daycare and medical expenses (kids unte prequent ga velatham kada) use chesukunte better. Nenu use cheyyaledu kaane maa friends use chesaru. But end of the year ki FSA lo pettina amount use chesukokapothe lose avutham. Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani... |
   
Ustad
Hero Username: Ustad
Post Number: 11413 Registered: 07-2008 Posted From: 76.173.42.79
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 10:47 pm: |
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Telugu_times:
Andhrawala:
 Fan of Fab 5: Sachin, Rahul, Saurav, Laxman and Kumble.
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Cyberabadsinnodu
Side Hero Username: Cyberabadsinnodu
Post Number: 4531 Registered: 02-2010 Posted From: 67.163.149.59
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 10:40 pm: |
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Telugu_times:
rao garu aa fsa mata etthite inko sari cheppuchukottu nannu...dxmma jeevitham...dadapu 2000 loss dani meedha...use or loose edo concept.. ఎంత చికాగో యునివర్సిటీ లో చదువుకున్నా చిలక్కొట్టుడికి సరైన ఇంగ్లీషు పదం దొరుకుతుందా..!! |
   
Time_pass
Side Hero Username: Time_pass
Post Number: 4171 Registered: 06-2008 Posted From: 173.171.110.225
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 10:21 pm: |
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FSA day care is for day care expenses at authorised day cares(They need to give there SSN or ITIN) number you can set aside $5000 per year. this is use it or loose it. you can not make changes in the middle it does not require that both parents be working some FSA providers you can pay the day care center directly from them once you set up the payment link. it depends on your FSA account provider |
   
Andhrawala
Hero Username: Andhrawala
Post Number: 15316 Registered: 03-2008 Posted From: 174.97.225.181
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 10:08 pm: |
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Ustad: To get tax benefit for daycare expenses, what is the difference b/w FSA & Child Care tax credit (during tax filing) when both husband and wife are working? Is there any benefit of doing one over the other?
FSA is use it or loose it. Por example my kids are out of day care and now go to regular school. But I may still need to send them for Summercamp in summerbreak. They may not go if my inlaws/parents come. In such a case FSA doesnt work. Better take credit for Dep Care Expenses. FSA aithe davirectgaa ur taxable incomereduced by 5K. Child care credit konsem thakkuva vasthundhii anukuntaaa No Signature |
   
Telugu_times
Moderator Username: Telugu_times
Post Number: 33999 Registered: 02-2008
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 10:02 pm: |
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Ustad:
for FSA, for 5K, it is tax free. if you dont enroll in it, you are eligible for only $600 or something (I am not sure about this amount) |
   
Ustad
Hero Username: Ustad
Post Number: 11412 Registered: 07-2008 Posted From: 76.173.42.79
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 09:58 pm: |
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Telugu_times:
To get tax benefit for daycare expenses, what is the difference b/w FSA & Child Care tax credit (during tax filing) when both husband and wife are working? Is there any benefit of doing one over the other? Fan of Fab 5: Sachin, Rahul, Saurav, Laxman and Kumble.
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Startrek
Junior Artist Username: Startrek
Post Number: 66 Registered: 05-2012 Posted From: 72.46.217.84
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 09:42 pm: |
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per family it is $5000. if you file taxes seperately from your spouse then max will $2500. Maa company lo we get a fsa card that we can use it to pay as a credit card. |
   
Telugu_times
Moderator Username: Telugu_times
Post Number: 33997 Registered: 02-2008
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 09:26 pm: |
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Andhrawala:claim anytime before end of the year
yes. but if we wait till the end, one time lo panai pothundhi.
Cyberabadsinnodu:
Flexible spending accoutn ki, first you have to enroll. even if you enroll, march 31 (some may have june deadline) is deadline. in your case, you can not, either way |
   
Cyberabadsinnodu
Side Hero Username: Cyberabadsinnodu
Post Number: 4525 Registered: 02-2010 Posted From: 67.163.149.59
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 09:15 pm: |
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last yr oka 2 months pampincham school ki but claim cheskodam marchipoyam...ee yr cheyocha if we provide bills? ఎంత చికాగో యునివర్సిటీ లో చదువుకున్నా చిలక్కొట్టుడికి సరైన ఇంగ్లీషు పదం దొరుకుతుందా..!! |
   
Humpty_dumpty
Moderator Username: Humpty_dumpty
Post Number: 18857 Registered: 02-2009
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 09:04 pm: |
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VA lo FSA oka 10k untaadha, if not very tough |
   
Andhrawala
Hero Username: Andhrawala
Post Number: 15309 Registered: 03-2008 Posted From: 174.97.225.181
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 08:42 pm: |
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Telugu_times: you sign up for benefits in Nov, 2012 for the year 2013. November lo, you have to set the amount, maximum is 5K. 2013 lo, every month, pay check nunchi deduct avuthundhi (even if you dont use it). you can claim it in the end of 2013. Deadline to claim is march 31, 2014
claim anytime before end of the year. u will be reimbursed for the amount only after it was deducted from paycheck for Dep Care Expenses Health Care FSA is different. They will mail the check even in the 1st month No Signature |
   
Rasputin
Hero Username: Rasputin
Post Number: 16442 Registered: 02-2008 Posted From: 74.131.244.35
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 07:58 pm: |
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Telugu_times:
maa company fsa ki 2500 max ani limit ettindi. Daridrapu company daridrapu benefits. 01/06/2012 - 169.4;05/04/2012 - 175.8; 8/1/2012 - 179 |
   
Telugu_times
Moderator Username: Telugu_times
Post Number: 33980 Registered: 02-2008
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 05:10 pm: |
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Mrhyderabad:
you sign up for benefits in Nov, 2012 for the year 2013. November lo, you have to set the amount, maximum is 5K. 2013 lo, every month, pay check nunchi deduct avuthundhi (even if you dont use it). you can claim it in the end of 2013. Deadline to claim is march 31, 2014 |
   
Aha
Side Hero Username: Aha
Post Number: 2150 Registered: 01-2011 Posted From: 209.51.184.13
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 05:08 pm: |
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for me every pay check lo intha amount ani cut avutundi. Daycare ki nenu check pay chesi, every few months FSA reimburse chestha. har ik gham tumhaara sahenge khushi se karenge na shikwaa kabhi bhi kisi se |
   
Aha
Side Hero Username: Aha
Post Number: 2149 Registered: 01-2011 Posted From: 209.51.184.13
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 05:05 pm: |
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Mrhyderabad:So is it better to setup this account so that u can use pre-tax dollars to pay for day care?
yeah, it is better option. nenu use chesthunna. but only 5K limit, yet helps. har ik gham tumhaara sahenge khushi se karenge na shikwaa kabhi bhi kisi se |
   
Maverick
Legend Username: Maverick
Post Number: 40957 Registered: 01-2008 Posted From: 166.137.100.39
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:54 pm: |
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Banda:
Emo working or studyong kakapote why send kid to day care and claim expenses antaru Who is this DB member? |
   
Telugufan
Side Hero Username: Telugufan
Post Number: 2859 Registered: 05-2008 Posted From: 204.90.98.253
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:51 pm: |
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Mrhyderabad:vaadine send the check to day care ante easy kadaa... no head ache of claiming etc
it wont work out , u have to claim by the dead line they gave you |
   
Banda
Junior Artist Username: Banda
Post Number: 237 Registered: 08-2008 Posted From: 65.208.22.29
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:47 pm: |
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Cinejeevi:If both parents are NOT working then you cant use this. Spouse must be either working, studying (student for that year)
so nenu vinnadi..correct annamaata.. I cannot claim as my wife is a homemaker |
   
Banda
Junior Artist Username: Banda
Post Number: 236 Registered: 08-2008 Posted From: 65.208.22.29
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:46 pm: |
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Maverick:FSA 5K set up cheyyachu..day care bill choopiste 5k icchestaru year end lo
idi only if both are working ayithena.. naa kid ni pampudhamani planning, but my wife does not work..so i am told that I cannot claim this one? correct ee na? |
   
Cinejeevi
Comedian Username: Cinejeevi
Post Number: 1568 Registered: 09-2010 Posted From: 69.147.191.50
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:45 pm: |
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Mrhyderabad:alaa year end lo claim chese daani kante.. vaadine send the check to day care ante easy kadaa... no head ache of claiming etc
ala kudaradu. You have to pay the day care upfront and claim later. If both parents are NOT working then you cant use this. Spouse must be either working, studying (student for that year) |
   
Maverick
Legend Username: Maverick
Post Number: 40955 Registered: 01-2008 Posted From: 204.86.209.200
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:43 pm: |
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>>. vaadine send the check to day care ante easy kadaa never tried that. Who is this DB member? |
   
Mrhyderabad
Side Hero Username: Mrhyderabad
Post Number: 9447 Registered: 01-2008 Posted From: 98.221.83.14
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:43 pm: |
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King:.you will go beyond that limit.
yeah.. anyway monthly 1100 kadutunnam so definitely maxout chestham
Maverick:FSA 5K set up cheyyachu..day care bill choopiste 5k icchestaru year end lo
alaa year end lo claim chese daani kante.. vaadine send the check to day care ante easy kadaa... no head ache of claiming etc Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein |
   
Maverick
Legend Username: Maverick
Post Number: 40954 Registered: 01-2008 Posted From: 204.86.209.200
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:41 pm: |
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FSA 5K set up cheyyachu..day care bill choopiste 5k icchestaru year end lo Who is this DB member? |
   
King
Side Hero Username: King
Post Number: 4058 Registered: 08-2008 Posted From: 208.185.201.194
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:40 pm: |
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Mrhyderabad:ppude pre-tax dollars aa FSA-Dep care account lo deposit chesthe you will save 1300-1500, right? am i missing any thin?
you can set aside..but the catch is if you dont use it..you loose it. kakapothe if you have daycare going kids..you will go beyond that limit. Ashton - I'm living an Amish lifestyle. so far so good. |
   
Mrhyderabad
Side Hero Username: Mrhyderabad
Post Number: 9446 Registered: 01-2008 Posted From: 98.221.83.14
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:38 pm: |
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Guru:annai, cpa only 600$ max claim cheyochu ani cheppad if both parents are working
maa vaadu adi kuda naa mumkin annadu... anduke tax return appudu claim kakundaa.. ippude pre-tax dollars aa FSA-Dep care account lo deposit chesthe you will save 1300-1500, right? am i missing any thin? Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein |
   
Guru
Side Hero Username: Guru
Post Number: 4373 Registered: 05-2009 Posted From: 192.193.216.148
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:36 pm: |
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annai, cpa only 600$ max claim cheyochu ani cheppad if both parents are working |
   
Mrhyderabad
Side Hero Username: Mrhyderabad
Post Number: 9444 Registered: 01-2008 Posted From: 98.221.83.14
Rating: N/A Votes: 0 (Vote!) | | Posted on Tuesday, October 23, 2012 - 04:34 pm: |
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Meeru FSA lo dependent care use chesthaara? up to 5k u can set it aside for day care kind of expenses anta kadaa never used it so far... tax return appudu claim cheddam ante not eligible antaadu maa cpa every time. So is it better to setup this account so that u can use pre-tax dollars to pay for day care? TIA Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein |