Get Reimbursed From Your 2024 Pre-tax Account by Feb. 28
Employees who set aside money in pre-tax daycare, transit, and medical/dental expense accounts have until February 28, 2025, to submit reimbursement requests for 2024 expenses.
-
Dependent Care Expense Account (DCEA) is use it or lose it. If you do not submit eligible receipts by February 28th, you will lose any leftover 2024 funds.
Medical Dental Expense Accounts (MDEA) may allow you to carry over up to $640. If you qualify for carryover, you will lose any amount over $640 if you do not submit eligible receipts by February 28th. If you do not qualify for carryover, you will lose your 2024 MDEA remaining balance if you do not submit eligible receipts by February 28th.
Transit Expense Accounts are Parking (PKEA) and Bus pass/Vanpool (BVEA). The deadline to submit eligible receipts is 180 days from the date of service and no later than February 28th. These accounts have specific requirements for submission and carryover.
Contact Benefit Resource, the pre-tax vendor, to learn more or submit your receipts.
Categories :