Increase Your Take-Home Pay
Paying fewer taxes means you keep more of the money you make. In the example, a married couple estimates they will spend over $5,000 on day care expenses for their child next year, so they elect to put $5,000 in their Dependent Care FSA. See how they can save money:
|Out-of-Pocket Dependent Care Expenses
|Savings Each Year
Take Control of Your Dependent Care Expenses
You can use the money in your DC FSA to pay for day care, babysitting and general purpose day camps for your dependents under the age of 13 while you are at work. You can also use the funds to pay for adult day care services for dependent adults who are unable to care for themselves (if they live with you for at least eight hours per day).
Maximum Contribution (2021)
- $5,000 per year for married couples filing joint federal taxes or single caretakers
- $2,500 for married couples filing separate federal taxes
- Qualified child care expenses for dependents under the age of 13 while you are at work.
- Adult day care services for dependent adults who are unable to care for themselves and live with you at least eight hours each day.
- You will be reimbursed for eligible expenses as they are incurred and as funds are deposited into your account.
- Funds may not be used to pay for overnight camps, care provided by a dependent, spouse, or child under the age of 19, and care provided while you are not at work.
Click here to download a list of eligible expenses.