FSA Elig = Tax Deductible?

Budget101 Discussion List Archives Budget101 Discussion List FSA Elig = Tax Deductible?

Viewing 0 reply threads
  • Author
    Posts
    • #257703

      Yes I would save the receipt and if you qualify at the end of the year

      for the medical tax deduction you can add this in. However, I believe

      you have to have 7.5% (not sure on the exact percent but it is high) of

      your gross income spent on medical expenses before you can claim

      anything so if you know that you won’t have that much you can trash it

      — In Budget101_@yahoogroups.com, “Stephanie” wrote:

      >

      > I just bought some OTC cold medicines and the receipt from the store

      > says “Flex Spending Acct Eligible”. I am wondering if this means

      > these items can be deducted as a health expense from my 2008 taxes.

      > Anyone know if this is the case, or should I just toss the receipt (we

      > don’t have any FSAs)?

      > Thanks,

      > Stephanie

      >

Viewing 0 reply threads
  • You must be logged in to reply to this topic.

Budget101 Discussion List Archives Budget101 Discussion List FSA Elig = Tax Deductible?