Dependent Care FSA

Save money on dependent care by paying with tax-free dollars.

The Dependent Care Flexible Spending Account (FSA) allows you to reimburse yourself with pre-tax dollars for day care for your child, elderly parent or disabled spouse. The FSA is administered by HealthEquity.

Eligible expenses

Eligible daycare expenses must be for the care for your child under age 13, your handicapped child of any age, a spouse/domestic partner or parent incapable of self-care that allow:

  • You and/or your spouse/domestic partner to work, or
  • Your spouse/domestic partner to attend school full-time.

You cannot pay an older dependent child as your care provider. See IRS publication 503 for the full list of eligible expenses.

Plan your contribution amount carefully

In 2024, you may contribute up to:

  • $5,000 per year if you are married and file a joint tax return or if you are single
  • $2,500 per year if you are married and file separate tax returns

NOTE: Highly compensated team members may not be eligible to contribute the full amount allowed.

Once you make an election for the year, you cannot change it during the year unless you experience a Qualifying Life Event.

Your contributions will be deducted from your paycheck in equal installments on a before-tax basis during the plan year. Funds must be deposited into your account (usually within 3 business days from the payroll date) before you use them.

You have until March 31 of the following year to submit claims for expenses incurred by December 31 of the current plan year. Unused DCFSA funds at the end of the plan year may be forfeited.

Learn more about the Dependent Care FSA.

NOTE: Individual expenses can either be reimbursed from a Dependent Care FSA or claimed by you as a federal tax deduction, but not both.

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