How long should you keep Flexible Spending Account forms?

Question

I participated in my employer's plan in 2005, 2006, and 2007. I saved every doctor's receipt, insurance statement, submission form, and FSA account statement to make sure I was reimbursed. Can I toss all of this after the year ends and my employer sends me my tax forms?

Answer 1

To be on the safe side, save them with your tax records for 3 years.  (In theory, you are fine.  Your employer is saving the records as well.  But if they didn't, got audited, you could conceivably get a revised W-2 showing the money as income.)