A Dependent Care Flexible Spending Account (DCFSA) is an employer-owned and funded account to which an employee may contribute pre-tax funds that may be used tax-free for eligible dependent care ...

Dependent Care Flexible Spending Accounts allow employees to pay for eligible dependent care expenses up to $5,000 per year with pretax dollars, thus reducing their overall tax burden. Eligible ...

Your paycheck goes further when you set aside pretax dollars in a health care flexible spending account (FSA) or a dependent care FSA. That’s because you don’t pay federal or state income taxes on ...

When you choose to participate, you elect to have salary deducted from your paycheck, before it is taxed, and directed to your flexible spending account. This money is then available to reimburse you ...

Before deciding to sign up for a flexible spending account ... if you haven’t contributed that much to the account yet – unlike a dependent care FSA that you can use only as it accumulates ...

One way to offset such costs is by taking advantage of a dependent care flexible spending account, if your company offers one as part of its benefits. A dependent care FSA is a tax-advantaged ...

A federal COVID relief package, the Consolidated Appropriations Act, included assistance for faculty and staff members that had a forfeiture of unused 2020 Health Care and/or Dependent Care Flexible ...

Over a year’s time you will probably spend a part of your paycheck on health or dependent day care. You can save money by putting that amount directly into a flexible benefits plan. Be careful, any ...

Flexible spending accounts enable employees to pay for eligible health (medical, dental and vision) and/or dependent care expenses with pretax dollars, thereby reducing their tax burden. Employees ...

Calculate whether you’d come out ahead with a dependent care flexible spending account or the child care tax credit before signing up for the FSA during open enrollment. The dependent care FSA ...

We offer two flexible spending accounts: medical and dependent care. Participation in either program is optional. FSA programs reduce the amount of federal, state, and social security withholding by ...