Most Popular Questions
What is a Dependent Care FSA?
A Dependent Care FSA (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services, such as preschool, summer day camp, before or after-school programs, and child or adult daycare. It's a smart and simple way to save money while taking care of your loved ones so that you can continue to work.
With a DCFSA, you use pre-tax dollars to pay for qualified out-of-pocket dependent day care expenses. The money you contribute to a DCFSA is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck. See Dependent Care FSA for more information.
Important: A DCFSA is not an account for your dependent's health care expenses. If enrolled in a Health Care FSA or a Limited Expenses Health Care FSA, you may use those funds to cover eligible expenses incurred by your spouse and tax dependents.