New FSA Dependent Care Changes for 2021
At the end of last year, we wrote about COVID’s effect on Dependent Care FSAs and how you could make changes at the end of 2020 to save money. Well, if you didn’t make changes at that time, or even if you were able to make some changes but still had money left over in your FSA, there is still hope. Congress passed new legislation that allows you to better utilize your FSA this year. Due to COVID-19, Congress has provided a lot more flexibility for your dependent care FSA. It’s the most flexible FSA setup I’ve ever seen. Dependent Care FSA Updates Specifically, here are the top things to know about your FSA for this year: You can use any unspent funds from 2020 in 2021. This means that…
