June 15 is deadline for spending FSA funds from 2012-13 plan year

If you still have a balance remaining in your Flexible Spending Account for the plan year that ended March 31, the end of the grace period for spending these funds is quickly approaching. You have only until Saturday, June 15, to spend the funds. Any receipts must be dated no later than June 15. According to IRS regulations, any funds remaining after that date are forfeited.

The next deadline to be aware of is Sept. 14, which is the deadline to submit any receipts for reimbursement from the 2012-13 plan year.

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