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To: Himyar; Bronzy
FSA limit has been cut in half from $5000 to $2500. FSA money is something that parents of special needs kids utilize because it can be spent on special therapies. The FSA allows the parent to use pre-tax money for that purpose. Since the limit is now reduced by $2500, any monies spent in excess of that will now come out of post-tax income.

And I miscalculated earlier. In a 25% bracket, this comes to $833 going towards government, which means that I will have to earn $3333 in order to spend that extra $2500 on my kid.

31 posted on 09/28/2013 10:57:48 PM PDT by Hoodat (BENGHAZI - 4 KILLED, 2 MIA)
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To: Hoodat

Thank you. I seem to remember talks about that measure in the law we had to pass to see what was in it.


41 posted on 09/29/2013 10:21:24 AM PDT by Bronzy
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