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THE UNIVERSITY OF TENNESSEE FLEXIBLE BENEFITS PLAN. DEPENDENT CARE REIMBURSEMENT CLAIM FORM. Employee Name (please print).
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What is 508c dependent care flexible?
The 508c dependent care flexible refers to a specific type of flexible spending account (FSA) provided under section 508(c) of the Internal Revenue Code. It allows eligible employees to set aside pre-tax dollars to pay for qualified dependent care expenses.
Who is required to file 508c dependent care flexible?
Eligible employees who wish to participate in the 508c dependent care flexible must file the necessary forms and documentation with their employer. The eligibility criteria may vary, so it's best to consult with your employer or HR department to determine if you qualify.
How to fill out 508c dependent care flexible?
To fill out the 508c dependent care flexible, you will need to follow the instructions provided by your employer or the FSA administrator. Typically, you will need to complete the enrollment forms and provide supporting documentation, such as receipts or invoices for dependent care expenses.
What is the purpose of 508c dependent care flexible?
The purpose of the 508c dependent care flexible is to provide eligible employees with a tax-advantaged way to pay for dependent care expenses. By using pre-tax dollars, participants can potentially reduce their taxable income and save money on eligible expenses.
What information must be reported on 508c dependent care flexible?
The specific information that must be reported on the 508c dependent care flexible may vary depending on the requirements set by your employer or the FSA administrator. Generally, you will need to provide details of the dependent care expenses incurred, such as the provider's name, address, and the amount paid.
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