Get the free FLEXIBLE SPENDING ACCOUNT/DEPENDENT CARE -- PARTICIPATION ELECTION FORM
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FLEXIBLE SPENDING ACCOUNT/DEPENDENT CARE PARTICIPATION ELECTION FORM January 1, 2018, through December 31, 2018Employee: (Please print) I understand I will need to reenroll each year during Open Enrollment
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How to fill out flexible spending accountdependent care
How to fill out flexible spending accountdependent care
01
To fill out a flexible spending account for dependent care, follow these steps:
02
Obtain the necessary forms from your employer or the administrator of your flexible spending account.
03
Gather the required information, such as the names and ages of your dependents, your annual dependent care expenses, and your employer's flexible spending account guidelines.
04
Complete the forms accurately, providing all the requested information.
05
Attach any supporting documentation required by your employer or the administrator, such as receipts or invoices for dependent care expenses.
06
Review the completed forms and ensure that all information is correct and legible.
07
Submit the forms to your employer or the administrator of your flexible spending account before the designated deadline.
08
Keep copies of all the completed forms and supporting documentation for your records.
09
Monitor your flexible spending account throughout the year and submit claims for eligible expenses as necessary.
10
Follow any additional instructions or guidelines provided by your employer or the administrator to ensure proper utilization of your flexible spending account.
Who needs flexible spending accountdependent care?
01
Flexible spending account for dependent care is beneficial for:
02
- Working parents who incur dependent care expenses for their children under the age of 13 while they are working or looking for work.
03
- Caregivers who have a dependent adult or elderly family member residing with them and require assistance with their daily living activities.
04
- Individuals who have legal custody of a dependent and incur expenses related to their care.
05
- Employed individuals who have access to a flexible spending account for dependent care through their employer.
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What is flexible spending account/dependent care?
Flexible spending account (FSA) for dependent care allows employees to set aside pre-tax dollars to pay for eligible dependent care expenses.
Who is required to file flexible spending account/dependent care?
Employees who have dependent care expenses and their employer offers a dependent care FSA are required to participate in filing flexible spending account/dependent care.
How to fill out flexible spending account/dependent care?
To fill out flexible spending account/dependent care, employees need to submit a claim form along with receipts for eligible dependent care expenses incurred.
What is the purpose of flexible spending account/dependent care?
The purpose of flexible spending account/dependent care is to help employees save money on taxes while covering dependent care expenses.
What information must be reported on flexible spending account/dependent care?
Employees must report the amount of dependent care expenses incurred, along with supporting receipts and documentation.
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