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Stock impact report

Smart ways to spend your remaining FSA money before year-end deadline [CBS News]

GoodRx Holdings, Inc. - Class A (GDRX) 
Company Research Source: CBS News
Nearly $3 billion in FSA funds are forfeited each year because people aren't aware they have a deadline to spend their money. While rules vary by employer, typically all FSA money must be spent by Dec. 31. Charlene Rhinehart, a certified public accountant and personal finance editor with GoodRx, says now is the time to look at your FSA balance and plan out your spending on eligible expenses. Rollovers and grace periods First it's important to understand how your company's plan works. Some employers allow you to roll leftover funds into the following year. Other employers might offer a grace period into the following year to use the money. "A grace period will give you extra time to use those dollars, typically up until two and a half months after the plan year ends," Rhinehart said. "But a rollover lets you set aside a certain amount of money from one plan year to the next." For 2025, the maximum rollover allowed is $660. Employers can only offer either a grace period or Show less Read more
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