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What is a dependent care flexible spending account (FSA) and how does it work?

April 26, 2017account dependent flexible FSA Spending

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What is a dependent care flexible spending account (FSA) and how does it work?

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A dependent care flexible spending account (FSA) allows you to set aside pre-tax dollars from your pay to cover eligible child/adult care expenses that allow you to work. By the way, your company may call an FSA by another name, such as a reimbursement account.