Severn, MD: Flex Spend Account (FSA) Grace Period

Services for Real Estate Pros with Lisa D Church CPA, EA, MBA, NTPI Fellow

Did you know most employers offer a Flex Spending Account (FSA) Grace Period or $500 Carryover?

If you had difficulty using up the funds in your medical flexible spending account (FSA) before the end of the year, your employer might offer you relief from the “use it or lose it rule” through a grace period or carryover.

Under IRS regulations, employers that offer FSA plans can offer one (not both) of the following options for unused FSA funds:

1)  A 2.5-month grace period, which means you will have until March 15, 2019 to use up your 2018 FSA funds.

– OR –

2)  A carryover of up to $500 of your 2018 FSA funds into your 2019 FSA.  The carried over amount will not count toward your maximum allowed contribution for 2019, and can be spent anytime during 2019.


Although the law does not require employers to offer either option, most employers do offer one or the other.  Check with your employer's benefits expert to find out if an FSA grace period or carryover is available to you.


My practice is in Severn, MD, and  I specialize in the following services for both businesses and individuals:

IRS Representation & Tax Resolution – I represent business owners & individuals who have tax debt.

Tax Planning &Tax Preparation

Real Estate Investing Accounting – For years I have successfully helped real estate investors improve their bottom line. Because I focus on this I know far more about real estate investing accounting than do most accountants.

Accounting/Bookkeeping/Outsource CFO – For individuals and small businesses.


Send me an email or give me a call for any help needed.  You can reach me at:


Lisa D Church, CPA, EA, NTPI Fellow, MBA

7865 Clark Station Rd

 Severn, MD 21144






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Crystal Kilpatrick
Team Leader -Crystal Kilpatrick Group - Austin, TX
CHLMS,CNE, CRS - Austin & Central Texas Home Sales

Happy New Year to you!  Best wishes for a wonderful 2019.

Jan 01, 2019 08:26 PM #1
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Lisa Church

IRS tax representation in Anne Arundel County, MD
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