Dependent Care Flexible Spending Account

URI: https://gptkb.org/entity/Dependent_Care_Flexible_Spending_Account
GPTKB entity
Statements (30)
Predicate Object
gptkbp:instanceOf gptkb: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
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
gptkb: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
https://www.w3.org/2000/01/rdf-schema#label Dependent Care Flexible Spending Account