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Deductions & credits
Flexible Spending Arrangements (FSAs) are usually agreements between yourself and your employer. They are usually treated as "use it or lose it" type arrangements.
If you do not use the entire amount before the end of the year, you cannot carry it over to the next year.
The maximum contribution for 2019 was $2,700.
Your employer may offer a carryover provision which allows $500 to be spent within a certain grace period.
Please see the attached for more details on this.
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‎February 2, 2020
2:10 PM