Dependent Day Care Accounts (Dependent Care FSA)
With a Dependent Care FSA, you can set aside part of your pay on a pre-tax basis to pay for eligible dependent care expenses, such as:
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This account allows you to pay for day care expenses for your qualifying dependent/child with pre-tax dollars while you (and your spouse) are:
- Working
- Seeking Employment
- Attending school as a full time student (for at least five months of the year)
Eligible dependents must be claimed as an exemption on your tax return. You may allocate up to $5,000 per tax year for reimbursement of dependent day care services ($2,500 if you are married and file a separate tax return).
Interested in Dependent Care Flexible Spending Accounts?
Ask about benefits through First Financial where you work.