Dependent Care Flexible Spending Account
GPTKB entity
Statements (30)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
employee benefit
|
| gptkbp:abbreviation |
gptkb:Dependent_Care_FSA
|
| gptkbp:annualContributionLimit |
$2,500 if married filing separately
$5,000 per household |
| gptkbp:benefit |
reduces taxable income
pre-tax contributions |
| gptkbp:country |
gptkb:United_States
|
| gptkbp:eligibility |
child care
adult day care before and after school programs open enrollment or qualifying life event summer day camps |
| gptkbp:employerSponsored |
yes
|
| gptkbp:forfeitureRule |
use it or lose it
|
| https://www.w3.org/2000/01/rdf-schema#label |
Dependent Care Flexible Spending Account
|
| gptkbp:notEligibleExpenses |
overnight camps
care provided by a child under 19 care provided by a spouse school tuition |
| gptkbp:planYear |
typically calendar year
|
| gptkbp:purpose |
pay for dependent care expenses
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
|
| gptkbp:reimbursementMethod |
submit claims with receipts
|
| gptkbp:relatedTo |
gptkb:Health_Care_Flexible_Spending_Account
Flexible Spending Account |
| gptkbp:requires |
earned income
dependent under age 13 or disabled adult |
| gptkbp:taxStatus |
gptkb:Form_2441
|
| gptkbp:bfsParent |
gptkb:Child_and_Dependent_Care_Expenses
|
| gptkbp:bfsLayer |
6
|