The FSAFEDS Dependent Care Flexible Spending Account (DCFSA) is an easy way to save money on child and/or elder care services. The calculator below can help you see just how much you could save by enrolling in the DCFSA. If you need a little help, take a look at the eligible expenses list. Sign up for savings with FSAFEDS!
You may also use the interactive Dependent Care Tax Credit Worksheet to help you determine the best option between the Federal tax credit and a DCFSA.
NOTE: You can only enroll in FSAFEDS during the Federal Benefits Open Season, your new hire election period, or if you experience a Qualified Life Event (QLE).
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No part of this site is intended to provide tax or legal advice. Savings examples are provided for illustrative purposes only. You should consult a professional advisor regarding your personal situation.