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Dependent Care Flexible Spending Accounts (FSAs)

DEPENDENT CARE FSAs
Savings and flexibility for families

Support families and save on taxes

Say yes to supporting families with a dependent care FSA. Employers can avoid payroll tax (Social Security and Medicare) on employee contributions. Employees save in taxes too.

Offer financial flexibility and well-being

Dependent care FSAs offer financial flexibility for employees, with reimbursement for eligible child and adult care expenses. These include preschool, nursery school, day care, care before and after school and summer day camp. Employees can reduce taxable income and increase take-home pay.

Make it easy with the PayFlex Mobile® app

We provide extra convenience for employees on the go. The PayFlex Mobile app lets employees view their balance and submit claims in just a few taps.

EVERY LITTLE BIT HELPS
Saving made simple for dependent care

With this tax savings calculator, employees can plug in their numbersfootnote1 and see how much they might save with a dependent care FSA.

Total yearly eligible day care expenses
Average tax rate
21%
Potential tax savings2

footnoteFor best estimate, enter an amount less than or equal to the pretax contribution limit of $5,000.

 

COMMON ELIGIBLE DEPENDENT CARE EXPENSES
Tax-free spending on eligible dependent care expenses

Check out the list of common eligible dependent care expenses. Use the search bar to find specific services. Or you can click on the column headers in the table to see which are eligible or not eligible. 

 
 
FIND OUT IF AN EXPENSE IS ELIGIBLE
 

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footnote1You’ll want to add up your total dependent care expenses per year for children under 13, elderly parents, spouse or other relative(s) incapable of self-care who spend at least 8 hours each day in your home. Eligible expenses include preschool, nursery school, day care, care before and after school care and summer day camp. 

footnote2Savings estimates assume annual IRS FSA contribution limits or your total expenses, whichever is less. Talk with your employer to learn the exact limits for your plan. For this calculation, we used a savings of 21% to assume federal, state and social security taxes you may avoid with pretax contributions. This calculation is just an estimate. It isn’t tax advice. Ask your tax advisor to find out how much you might save by making pretax contributions. Actual tax savings depends on many things. Some of these include state and local tax rates, your tax bracket and the FICA tax rate.