Introduction
How FSAs Work
Key Points to Remember
Eligible Health Care Expenses
Eligible Dependent Care Expenses
Savings Worksheet
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Money set aside in these accounts can be used to reimburse dependent care
expenses necessary because you, or if you are married, you and your spouse,
work or are actively seeking work.
Dependent care flexible spending account expenses must also be considered
tax deductible by the Internal Revenue Service (IRS). According to IRS Regulations
(IRS Publication 503),
eligible dependent care expenses include, but are not limited to:
- wages paid to a baby sitter or
companion in or outside your home, as long as
the person providing care is not someone you
can also claim as a dependent.
- services of a day-care center
and/or nursery school, if the center complies
with all state and local laws.
- cost for adult care at facilities
away from home, such as family day-care or
day-care centers, as long as your
dependent spends at least eight hours a day
at home.
- wages paid to a housekeeper for
providing day care for an eligible dependent.
Eligible dependents include:
- your dependent children up to their 13th birthday and
- any person living with you who you
claim as a dependent and who is physically or
mentally incapable of self-care.
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