FAQs

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Page 8 of 27, Showing 10 Results

• How much do I have to earn to have a DCFSA? Open Closed

  Under IRS rules (see IRC Sections 129(a)(2)(A) and 129(b)(1)), the maximum amount that can be elected for a DCFSA is limited to the lesser of: $5,000 for single individuals or married couples filing joint returns; $2,500 for … Read more…the full answer

• Can I have a DCFSA if I receive a child care subsidy from my agency? Open Closed

  Yes, but any combination of DCFSA contributions and child care subsidies cannot exceed $5,000 for the year. Example 1: A federal employee has one child, age 3. The employee receives a $3,000 child care subsidy from their agency. Th… Read more…the full answer

• When is my DCFSA available to me, and how do I know how much is in my account? Open Closed

  This depends on when you enrolled in your DCFSA. If you enrolled during Open Season, your account is available on the first day of the benefit period. If you are a new employee, your DCFSA is activated once you've enrolled and your employme… Read more…the full answer

• Is there a limit for a DCFSA election? Open Closed

  By law, the maximum amount you may allot for a DCFSA is $5,000 per household ($2,500 if married filing separately). You could exceed the $5,000 limit if both you and your spouse work for employers offering an FSA and the combined total of the all… Read more…the full answer

• How does a Health Care FSA carryover impact election limits for a Dependent Care FSA? Open Closed

  A carryover does not apply to a Dependent Care FSA. The only impact to the Dependent Care FSA is the minimum election will now be $100 (it was $250 previously). The grace period still applies to the Dependent Care FSA, which means you have from Ja… Read more…the full answer

• My spouse and I both elected a DCFSA and our combined election exceeds the maximum $5,000 household limit. Can my FSAFEDS account be adjusted or canceled so we do not exceed the $5,000 maximum amount? Open Closed

  No, your FSA elections are irrevocable unless you experience a Qualifying Life Event. While you and your spouse will have your total household salary reduced by t… Read more…the full answer

• What information do I need to obtain from a dependent care provider? Open Closed

  The caregiver must declare your payment as taxable income. If it is a child care center providing care for more than six non-resident children, the provider must comply with state and local regulations. Also, at the end of the tax year, you… Read more…the full answer

• Can I send a canceled check as supporting documentation for my DCFSA claim? Open Closed

  No, canceled checks or credit card receipts aren't valid forms of supporting documentation because they do not include the necessary information need… Read more…the full answer

• Can I use a DCFSA to pay for a babysitter in my home rather than using a daycare center? Open Closed

  Yes. You can include expenses paid to a babysitter if the services are necessary in order for you and your spouse, if married, to work, look for work, or for your spouse to attend school full-time. However, if you did not find a job and have no e… Read more…the full answer

• I work at night and need an overnight babysitter. Is that an eligible child care expense? Open Closed

  Yes, this is an eligible DCFSA expense as long as the services are necessary in order for you or your spouse, if married to work, look for work, or for your spouse to attend school full-time they are eligible dependent care costs.… Read more…the full answer