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To: kristinn

HSA’s and FSA’s can also be used for dependent child care. Friends of mine use theirs for the expenses incurred by their disabled daughter: specialized day car, expensive wheel chair, etc. Right now the amount of money deferred into these accounts is set by employers. An employer can allow each employee to deduct, tax-free, $15,000 if he wanted to. Now obamacare sets the cap at $5000. This is devastating for families that rely on this tax-free money (that they earned!) to take care of dependent family members.


12 posted on 10/14/2010 7:08:36 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: goodwithagun

Don’t forget that when the full effects of commiecare sets in there are taxes on the special needs children and there are taxes on NAME brand RX’s, 2.9% tax if they need a new wheel chair or braces (legs or back, not teeth).


26 posted on 10/14/2010 7:51:03 AM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
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