A dependent day care FSA lets you set aside pre-tax dollars to cover expenses for your child(ren) or other qualifying person so that you and your spouse can work or look for work.
You and your spouse can contribute a combined total between $500 and $5,000 per calendar year through automatic payroll deductions.
Since your contribution is pre-tax, less in taxes come out of your paycheck.
Unlike the health care FSA, you can only use funds that have already been withheld from your paycheck.
You have to enroll each year.
Wex adminsters this plan.
Have questions? Call 866-451-3399
Eligible expenses must meet certain requirements.
For dependents ages 12 and under
For dependents ages 13 and over
Payments to nursery schools, daycare centers and eldercare facilities are eligible. So are payments for before- and after-school care and summer day camp for children up to age 13. Overnight camp expenses are not eligible.
Important: You can't use this account to pay for dependent medical expenses.
Beginning with your 1st paycheck in January 2024, we will automatically deduct your DCFSA contribution. Your dependent day care FSA reimburses you up to the amount of funds you have contributed at the time of your claim. (For 2024, the IRS will allow you to contribute up to $5,000 to a dependent day care FSA)
If you need help with the claims process, call Wex at 866-451-3399.
In return for the favorable tax advantages, the IRS has strict rules on these accounts.
Estimate the amount of your upcoming expenses using the Dependent Care Flexible Spending Account Worksheet. Remember to subtract holidays, vacations and other times you may not need to pay for eligible child(ren), adult or elder care. Also consider whether any dependents will lose dependent status during the year, for example, if a healthy dependent child is turning 13.
January 1, 2024 – March 15, 2025
Eligible dependent day care FSA expenses are covered
May 15, 2025
Deadline to submit documentation for 2024-2025 dependent day care FSA expenses
For more information, call Wex at 866-451-3399 between 7 a.m. and 5 p.m. weekdays, excluding holidays or email anytime. Also, you can review this handout, a Benefits Card Information flyer or read the flexible spending account FAQs for more information.
Information on tax-deductible expenses can be found by visiting the IRS online or calling 800-TAX-FORM (800-829-3676). If you’re not sure whether an expense is eligible, check with your tax advisor.