- You can contribute pre-tax dollars into an FSA for medical expenses, but funds must be used by the end of the year to avoid losing them, even during the government shutdown.
- The U.S. government shut down on Oct. 1, affecting federal agencies and workers. Despite this, FSA spending and enrollment deadlines remain in place.
- FSAs allow pre-tax contributions for medical expenses, but spending on non-qualified items incurs penalties and taxes. Exceptions apply for disabled and elderly individuals.
- FSA deadlines remain unchanged, with a maximum 2025 contribution of $3,300 and a "use-it-or-lose-it" policy for unspent funds.
- Eligible FSA expenses include acupuncture, breast pumps, and more. Check your plan or FSA Store website for specific items.
- Learn how to maximize Social Security benefits for a potential $23,760 boost in retirement income. Join Stock Advisor for more strategies.
Read more at Nasdaq: Government Shutdown or Not, Your FSA Deadline Still Stands. What You Need to Do
