If I will incur dependent care expenses as a result of the attack on the World Trade Center can I enroll in a Dependent Care Advantage Account (DCAAccount)?
A. If you have a change in status that satisfies federal Internal Revenue Service rules for the DCAAccount you can do any one of three things related to your DCAAccount even though the enrollment period for 2001 has passed. You may 1) terminate an existing account; 2) start a new account; or 3) change the contribution rate to your existing account. The permissible changes in status include: Marriage ,divorce or separation Death (spouse/dependent) Birth or adoption of a child Beginning or end of employment (employee or spouse) Dependent disability Change from full-time to part-time employment or vice versa (employee or spouse) Beginning of or return from leave of absence (employee or spouse) Change in work schedule (employee or spouse) Change in custody of dependent Change in rate paid Change in care provider Dependent reaches age 13 This account permits payments of dependant care expenses with pre-tax dollars. If you have a qualifying change in status and enroll in the DCAAccount in 20
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