WHO QUALIFIES AS AN ELIGIBLE DEPENDENT FOR A DEPENDENT CARE FSA?
These include dependent children under age thirteen who are claimed as dependents on your tax return, and your spouse or other adult dependent, such as a parent, who is physically or mentally incapable of self-care and for which you maintain a household. WHAT TYPES OF DEPENDENT CARE EXPENSES CAN BE REIMBURSED? Payments to nursery schools and day care centers qualify for reimbursement, as do payments for before- and after-school care and summer day camp (but not overnight camp) for children up to age 13. If the dependent is not your child, the expense of care outside your home qualifies only if the dependent regularly spends at least eight hours per day in your home. Payments made to an individual or to a relative who cares for your dependents are also eligible, provided that this relative is not a person who you claim as a dependent. HOW MUCH CAN I DEPOSIT TO A DEPENDENT CARE FSA? The IRS limits the amount of a tax-free reimbursement to $5,000 for couples filing jointly or individuals
