Fedweek

April 30 is the deadline for submitting claims against flexible spending accounts for the 2018 calendar year.

For dependent care accounts, claims can include the grace period that extended to March 15 of this year. Funds remaining in the account after all claims have been submitted are forfeited, although that typically isn’t an issue with dependent care accounts since eligible expenses for costs such as day care are predictable and employees set their withholdings accordingly.

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For health care accounts, where expenses are less predictable, eligible costs must have been incurred during calendar year 2018, although those who have accounts this year may carry over up to $500 into the 2019 benefit period.