Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Our open enrollment to set up a dependent care account through my husband's work is next week and I'm confused because the plan year doesn't line up with the calendar year. The way I read it we can put in $5k per CALENDAR year and then have to use all that money by the end of the PLAN year (July 2017-June 2018) or lose it. We won't be needing daycare until January 2018 but given how expensive it is in Boston $5k/year is kind of a joke since it doesn't come close to the true cost (but hey - I'll take any tax benefit I can). Does anyone have an insight on whether or not I can put $5k during 2017 and then another $5k in 2018 and then use that full $10k in 2018?? I'm going to call my husband's HR department but previous experience has taught me that they are incredibly incompetent so I wanted to see if anyone had a similar experience before I called so that I could be armed with as much information as possible. Particularly @hoffse
any ideas? The only hiccup I foresee right now is you don't seem to be able to change the payroll deductions mid-way through the plan year so how would I set the deduction now to make sure that $5k comes out in 2017 and $5k in 2018?