We gave up on FSAs because the money we saved in taxes wasn't worth the hassle of trying to get our money reimbursed, and it wasn't worth the annual use-it-or-lose-it spending spree in December. Not to mention the idiocy of having your employer administer it. What a horrid way to set up a program that ostensibly is supposed to help.
(Warning: salty language follows...)
Screw Tax-Deferred Savings Accounts, Just Give Me Socialism - Rhymes With Cars & Girls: But allow me to seize the rare opportunity to criticize Republican ideas by saying that these sorts of ‘account’ ideas – all of them – suck. Essentially, in one way or another all of these ‘accounts’ boil down to having money garnished from your paycheck and then being forced to beg for it back using paperwork and bureaucracy-navigation, by documenting that you used the money for the government-approved activity (and/or having an insanely complicated tax form).
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