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DEPENDENT CARE FSA FAQs
A Dependent Care FSA provides pretax reimbursement of outofpocket expenses related
to dependent care. It's a great option for employees who have dependent children under
the
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What is a dependent care FSA?
A dependent care FSA is a flexible spending account that allows employees to set aside pre-tax dollars to cover eligible dependent care expenses.
Who is required to file a dependent care FSA?
Employees with eligible dependents (such as children under age 13 or disabled dependents) who require care in order for the employee to work or attend school are required to file a dependent care FSA.
How to fill out a dependent care FSA?
To fill out a dependent care FSA, employees need to provide information on their eligible dependents, the amount they wish to contribute to the FSA, and submit any required documentation for verification.
What is the purpose of a dependent care FSA?
The purpose of a dependent care FSA is to help employees save money on eligible dependent care expenses by using pre-tax dollars, thereby reducing their taxable income.
What information must be reported on a dependent care FSA?
Employees must report information on their eligible dependents, the amount contributed to the FSA, and any eligible dependent care expenses incurred.
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