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WHAT IS A DEPENDENT CARE FSA?HOW CAN A DEPENDENT CARE FSA SAVE ME MONEY? A Dependent Care FSA is a reimbursement account that allows you to set aside a certain amount of money each paycheck on a pretax
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Start by gathering all necessary documents such as income statements, social security numbers, and any other relevant supporting documentation.
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A dependent is someone who relies on another person for financial support.
Individuals who financially support someone else may be required to file as a dependent.
To claim someone as a dependent, you need to provide their personal information and show that you provide financial support for them.
The purpose of claiming someone as a dependent is to receive tax benefits and deductions.
You must report the dependent's name, relationship to you, Social Security number, and the amount of financial support you provide.
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