Letâs assume that a pure bread goat cost $300 each and a badger costs $500 each. (as a side note I found it is illegal to own a badger in England. Who knew? That would make the total cost of those two layers about $216,000 Maybe we could get a deal on bulk goats â Iâm not sure how that would work.
Some employers allow a grace period of up to two-and-a-half months into the next plan year during which you can claim FSA expenses against your current year's account balance. You must be participating at the end of the plan year for the grace period to apply. Click here for details on the grace period.
How much can I put into a dependent care FSA? The amount you put into an FSA is called an âelection,â and your election canât be more than the maximum amount set by the IRS. Currently, the maximum amount is $5,000 each plan year. However, if youâre married and file separate tax returns, the maximum amount is $2,500. If you are the custodial parent â Your child is a qualifying individual even if you donât claim your child as a tax dependent. 2  You can be reimbursed under a dependent care FSA. 3  If you are not the custodial parent â You cannot be reimbursed under a dependent care FSA, even if you claim your child as a tax dependent.