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Should I include the Grace Period when calculating my future Annual Goal for my Dependent Care FSAs?
Should I include the Grace Period when calculating my future Annual Goal for my Dependent Care FSAs?
No. You should use only the 12-month calendar year for calculating expenses for your 2021 plan year Dependent Care FSA. The Internal Revenue Services (IRS) Grace Period is intended to provide a safety net for you only if you have not incurred all of your anticipated expenses during the previous plan year.