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#2
12-19-2003, 12:24 PM
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 Re: Can 2004 Deposits pay 2003 Health Care reimbursements "TKI" <p3tki[at]aol.com> wrote: - quote - > My health care costs for 2003 exceeded the $1000 I put into
When you say Health Care Reimbursement account, I am making> my Health Care Reimbursement account. Can my 2004 deposits > reimburse me for 2003 claims? For example, If I submit > $1500 of claims during 2003, can my 2004 deposits go toward > reimbursing that $500 shortfall? the assumption the you're talking about a medical flexible spending accounts covered by Section 125 of the Internal Revenue Code. If so, 2004 deposits can be used only for those medical expenses incurred in 2004. They cannot be used for medical expenses incurred in 2003. Clint Wasser, CPA Scottsdale, AZ << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
12-19-2003, 12:24 PM
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| Re: Can 2004 Deposits pay 2003 Health Care reimbursements "TKI" <p3tki[at]aol.com> wrote: - quote - > My health care costs for 2003 exceeded the $1000 I put into
When you say Health Care Reimbursement account, I am making> my Health Care Reimbursement account. Can my 2004 deposits > reimburse me for 2003 claims? For example, If I submit > $1500 of claims during 2003, can my 2004 deposits go toward > reimbursing that $500 shortfall? the assumption the you're talking about a medical flexible spending accounts covered by Section 125 of the Internal Revenue Code. If so, 2004 deposits can be used only for those medical expenses incurred in 2004. They cannot be used for medical expenses incurred in 2003. Clint Wasser, CPA Scottsdale, AZ << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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12-19-2003, 11:46 AM
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| Re: Can 2004 Deposits pay 2003 Health Care reimbursements - quote - > My health care costs for 2003 exceeded the $1000 I put into
No, your 2004 deposits can only be applied to expenses> my Health Care Reimbursement account. Can my 2004 deposits > reimburse me for 2003 claims? For example, If I submit > $1500 of claims during 2003, can my 2004 deposits go toward > reimbursing that $500 shortfall? incurred in 2004. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
12-15-2003, 03:01 PM
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| Can 2004 Deposits pay 2003 Health Care reimbursements My health care costs for 2003 exceeded the $1000 I put into my Health Care Reimbursement account. Can my 2004 deposits reimburse me for 2003 claims? For example, If I submit $1500 of claims during 2003, can my 2004 deposits go toward reimbursing that $500 shortfall? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 2003, 2004, care, deposits, health, pay, reimbursements |
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