Dependent Day Care Account
The Dependent Day Care Account is designed to pay for the care of children or adults who qualify so that you can work. Eligible expenses include:
- In-home care
- Care at another’s home
- Nursery or preschool tuition
- After-school care
- Dependent care centers
- Summer day camp as long as that cost compares reasonably with other alternatives
You will need to provide detailed information about your dependent care provider including: name, address and Social Security Number or Tax Identification Number. Without this information you cannot be reimbursed.
Your Dependent Day Care Account has a few important limitations:
- Care for your dependent (who must reside in your home for at least 8 hours a day) must be necessary in order for you and your spouse (if married) to work.
- Eligible dependents are defined as children under age 13, or a spouse or legal dependent of any age who is physically or mentally incapable of self-care.
- Dependent Care, such as private baby-sitting, may not be provided by someone who can be claimed as your dependent for tax purposes, such as an older son or daughter.
- If dependent care services are provided at a day care center, the center must comply with applicable state and local laws and licensing requirements.
- Maximum contribution the total amount of money that can be set aside on a pre-tax basis for dependent care cannot exceed $5,000 per household per tax year.
Click here to view full information about the Flexible Spending Account (FSA).