The Savings Power of This FSA
A Dependent Care FSA (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services, such as preschool, summer day camp, before or after school programs, and child or adult daycare. It's a smart, simple way to save money while taking care of your loved ones so that you can continue to work.
Why Enroll in a Dependent Care FSA?
- Save up to 30 percent on dependent care services
- Reduce your overall tax burden - funds are withdrawn from your paycheck for deposit into your account before taxes are deducted
- Take advantage of several convenient, no-hassle payment and reimbursement options
How You Save
With a Dependent Care FSA, you use pre-tax dollars to pay qualified out-of-pocket dependent care expenses. The money you contribute to a Dependent Care FSA is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck.
Dependent Care FSA Eligible Expenses
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Dependents Under Age 13
- Before and after school care
- Babysitting and nanny expenses
- Daycare, nursery school, and preschool
- Summer day camp
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Spouse or Relative
Care for your spouse or a relative who is physically or mentally incapable of self-care and lives in your home
How You Get It
You enroll in or renew your enrollment in your Dependent Care FSA through FSAFEDS during Open Season each year. Outside of Open Season you may enroll in FSAFEDS if you experience a Qualifying Life Event.
How You Manage It
With a variety of convenient payment and reimbursement options, your Dependent Care FSA makes it easy for you to get reimbursed for eligible dependent care services. Learn more about your reimbursement and payment options.
Simply log in to your FSAFEDS online account at any time to manage all aspects of your Dependent Care FSA:
- Check account balances
- Submit claims and view claims status
- Look up eligible expenses
- Select your reimbursement methods (by check or direct deposit)
- Choose to receive account alerts by email or text
Or you can log in to your account with the FSAFEDs app. Just download this handy app to your mobile device and log in with the same username and password as your online account. It's the easy way to manage your FSA when on the go!