Dependent Care FSA

You choose how much to contribute for the year, up to the IRS annual maximum — this is $5,000 (or $2,500 if married and filing separate tax returns). The money comes out of your paycheck before it’s taxed, lowering your tax bill.

Dependent Care FSA Overview

Contributions are deducted over 21 pay periods with no deductions on the January 9, July 24, and August 9 pay periods.
You can only change your contribution amount during the year if your personal situation changes.
Use your account to pay for eligible dependent care expenses such as child day care and nursery schools, preschool programs, and elder care. See a complete list of eligible expenses.
Log in to WageWorks to request reimbursement for payments you’ve made.
Your entire annual contribution is available to you from the beginning of the plan year.
Unused money does not carry over at the end of each year — use it or lose it.