What is a Dependent Care Flexible Spending Account (FSA)?
A Dependent Care FSA allows you to use pre-tax dollars to pay qualified dependent daycare expenses. Dependent care expenses can be reimbursed if the care is for your child or children age 12 or younger, or expenses for your incapacitated spouse or other disabled dependent (who spends at least 8 hours per day in your home). The care must be necessary in order to allow you to work.
A Dependent Care FSA is a benefit program sponsored by your employer that enables you if you qualify to set aside money on a pre-tax basis for certain dependent care expenses deemed eligible by the Internal Revenue Service (IRS). You qualify if you work, have an eligible dependent and one of the following is true: You are a single parent You have a working spouse Your spouse is a full-time student (for at least five months during which you worked) Your spouse is disabled and unable to care for herself or himself. You can use the Dependent Care FSA to cover dependent care expenses that are incurred while you are working or looking for work and while your spouse is working, looking for work or attending school. Eligible dependents include children under the age of 13 and any person you could claim as a dependent on your federal income tax return who is mentally or physically incapable of caring for himself or herself and lives in your household at least eight hours a day. The specific ex
