https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Tue, 12 May 2026 23:35:38 +0000 https://boards.hellobee.com/topic/flexible-spending-account-help#post-1746869 Wed, 09 Jul 2014 01:45:13 +0000 sunny 1746869@https://boards.hellobee.com/ <p>You are paying your daycare fees with pre-tax dollars. This saves you the income tax you would normally pay so your dollars go further. </p> <p>Yes, this means you will have to have to "pay double" for daycare (paying the $1500 monthly tuition and having the $416 out of your paycheck). However, you get it back eventually. </p> <p>We submit a request for reimbursement on a monthly basis so we get our $1500/monthly tuition back as a single check. I would imagine different plans have different rules so you'll need to check with your plan administrator.</p> <p>Does that make sense? </p> https://boards.hellobee.com/topic/flexible-spending-account-help#post-1746865 Wed, 09 Jul 2014 01:29:23 +0000 MommySLP 1746865@https://boards.hellobee.com/ <p>Forgive my mommy brain but I'm having a hard time figuring this out! We haven't used daycare until now, so I'm really not familiar with the FSA and my District isn't so helpful either! </p> <p>My district allows $5,000/year to go into an FSA for daycare. Daycare for my kids is costing $1500/month. What's the best way to take advantage of the FSA? Have the district deduct the same amount per paycheck for my 12 months of pay, up to $5000? (So $416/month)? And then take the money from my FSA account only once a year? Or do I submit a claim for the $416 every month? And in the long run, this is only helping me cut down on my taxable income right? So in theory I'd have to be paying the $1500/month out of pocket plus the $416/month would be taken off the top of my paycheck? Sorry if this is all over the place---I'm so confused &amp; no one at work can seem to explain it!!! </p>