Dependent care FSAs deduct pre-tax funds from paychecks for reimbursement of childcare expenses.
Pre-tax income for eligible care expenses. Tax Credit: Claim on taxes, based on care expenses. Choose based on tax advantage.
FSA reimburses essential dependent care expenses like home and institutional care, summer camps, and transportation.
FSA funds cover work-related essentials. Ineligible: education expenses, summer camps, enrichment programs, music/sports lessons, meals, housekeeping.
Custodial parent uses funds for childcare after divorce. Both spouses need income for reimbursement. App aids in managing claims.
set up Dependent Care FSA, incur eligible expenses, keep records, complete claim form, attach documentation, submit claim for reimbursement.