Since it's an amount stipulated by law, I would say enter it as "dollars" not "today's dollars. For next year they allow again the same dollar amount, not some new amount adjusted for inflation. But I will ask Larry just to make sure we get this right.

Hi Chris,

I RESPOND IN CAPS. BEST, LARRY

I record my salary as gross and my payroll deductions as excludable special expenditures.

YOU CAN DO IT THIS WAY. OR, AN EASIER WAY, WHICH WE RECOMMEND WHEN YOU CLICK GUIDE, IS TO JUST ENTER YOUR WAGES NET OF TAX EXCLUDABLE DEDUCTIONS.

For the FSA deductions I record an offsetting tax-neutral special receipt. That allows modeling the tax and social security effects while still keeping the FSA money in my economy.

THE CONTRIBUTIONS INTO THE FLEXIBLE SPENDING ACCOUNTS THE SPECIAL SPENDING ACCOUNTS SHOULD BE TREATED AS A TAX EXCLUDABLE SPECIAL EXPENDITURE. THE WITHDRAWALS, INCLUDING ACCUMULATED INTEREST, SHOULD BE MODED AS NON-TAX RELATED SPECIAL RECEIPTS.

For the FSA, I deduct the IRS limit. Those limits may be adjusted from time to time but are not indexed. That being the case, should I record them in ESP using current or future dollars?

I'D KEEP THEM FIXED IN NOMINAL DOLLARS. MY GUESS IS THEY ARE GOING BYE BYE OR AT LEAST WON' T BE INDEXED. THE COUNTRY IS COMPLETELY BROKE.