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Old 02-15-2006, 01:39 AM
Mark A. Hvasta, CPA
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Default Re: Can one decrease erroneous amount to be contributed to flexible spending account?

"Gary Goodman" <XgaryXg7X[at]yahoo.com> wrote:
- quote -

> qazxswedc.123[at]hotmail.com says...

> > I made a mistake in specifying the amount to be contributed
> > monthly into my flexible spending account for child care. I
> > indicated $400 each month instead of $200 because of an
> > oversight. Only one month's contribution has gone in so
> > far, but my employer says that once I have indicated the
> > amount at the start of the year, I cannot change the amount
> > for the rest of the year. Is this correct? I am not asking
> > for any change to what has been contributed so far! Is
> > there a possible way out?


> Find a new job. Seriously, that is the best way to stop it.


generally, you cannot make changes to the plan during the
year except possibly w/ a "change in family status". while
you're putting away double the amount each pay period that
you intended, your deductions will stop when you hit the
maximum you designated so you'll hit the max twice as fast
but then the deductions will stop and you'll get a boost to
your take-home pay.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 02-12-2006, 12:50 AM
Gary Goodman
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Default Re: Can one decrease erroneous amount to be contributed to flexible spending account?

qazxswedc.123[at]hotmail.com says...

- quote -

> I made a mistake in specifying the amount to be contributed
> monthly into my flexible spending account for child care. I
> indicated $400 each month instead of $200 because of an
> oversight. Only one month's contribution has gone in so
> far, but my employer says that once I have indicated the
> amount at the start of the year, I cannot change the amount
> for the rest of the year. Is this correct? I am not asking
> for any change to what has been contributed so far! Is
> there a possible way out?


Find a new job. Seriously, that is the best way to stop it.

Gary

--
E-mail to the above address is rarely read. If you want to
contact me directly, please send an e-mail to: gary at
gdgoodman dot com.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 02-06-2006, 12:46 AM
rs
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Posts: n/a
Default Can one decrease erroneous amount to be contributed to flexible spending account?

I made a mistake in specifying the amount to be contributed
monthly into my flexible spending account for child care. I
indicated $400 each month instead of $200 because of an
oversight. Only one month's contribution has gone in so
far, but my employer says that once I have indicated the
amount at the start of the year, I cannot change the amount
for the rest of the year. Is this correct? I am not asking
for any change to what has been contributed so far! Is
there a possible way out?

RS.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

Tags
account, amount, contributed, decrease, erroneous, flexible, spending
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