Dependent Care

What is Dependent Care ?

A Dependent Care FSA provides pre-tax reimbursement of out-of-pocket expenses related to dependent care. This benefit may make sense if you (and your spouse, if married) are working or in school and : 

  • Your dependent children under age 13 attend daycare, after-school care, or summer day camp 
  • You provide care for a person of any age whom you claim on your federal income tax return, and who is mentally or physically incapable of caring for himself or herself. 

How much can you contribute? 

  • Maximum $5,000.00 per year 

How do reimbursements work? 

  • Funds are available as your account is funded by your payroll deductions.
  •  The IRS regulations limit reimbursement of dependent care claims to the amount of money actually in the participants account via payroll deductions. Once employee files a claim they will then be reimbursed via manual check or direct deposit.