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.
You can only claim expenses incurred within the plan year, although some plans allow for a grace period of one or two months at year end. Dependent Care FSA Vs. Child and Dependent Care Tax Credit The IRS sets the same eligibility requirements for the Child and Dependent Care Credit (CDCC) as for the dependent care FSA.