What is the IRS grace period for the FSA?
The Internal Revenue Service allows FSA participants to be reimbursed for health care and dependent care expenses incurred during a two-and-a-half-month grace period after the end of the plan year. In layman’s terms, this means that expenses incurred from January 1 through March 15, can be claimed against the previous year’s FSA. Claims must be made by April 15.
