Talk:Flexible spending account

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when has been the FSA created?

Can one use Standard deduction or Itemized deduction while using FSA ?

Yes, you can claim the standard deduction or itemize your deductions while participating in an FSA. But you cannot include expenses claimed under an FSA as part of your itemized deductions. And I think using a dependent care FSA prevents you from claiming the child care tax credit as well. Quacks Like a Duck 21:35, 26 October 2006 (UTC)

[edit] does the vendor care how much I put down?

will the vendor be adversely affected if I put down more than the receipt for childcare reads? there's a little disagreement here: why would he not give me a receipt for a few hundred dollars more than the receipt reads if I claim the amount is more? Will he have have to pay more tax? Will the benefits dept or the IRS figure out if I put down what I consider the correct number but the vendor has put down a different number? what a pain...