Dependent Care FSA The Flexible Spending Account for Dependent Care can reimburse your eligible day care expenses for a dependent who lives with you, and who is under the age of 13 (or disabled of any age). You must claim this person as a dependent on your tax return. What is Covered? Can use on a dependent under the age You may be reimbursed only for care that of 13 or dependents who cannot care enables you to work (or look for work) on a for themselves full-time basis. You can’t be reimbursed for care provided by your spouse, your child under age 19, or someone you claim Annual contribution limit of $5,000 per as a dependent. household ($2,500 if married but filing separate) FSA or Tax Credit? A child-care tax credit is available on your federal income tax return. Expenses you pay through the Dependent Care Account Funds can only be used as they are reduce the tax credit you may claim. If you deposited into your account earn less than $25,000, you may benefit more by using the tax credit. Ask a tax advisor which is better for you. Guidelines: Remember! If you enroll in the Dependent Child must be dependent on you for Care Account, the account is funded with over 50% of his or her financial money from each paycheck. Budget support accordingly as the elections cannot be Care may be provided inside or changed until next year’s open enrollment outside your home, but not by or a qualifying event. anyone considered your dependent for income tax purposes, such as one of your older children. For any questions, go to www.optum.com or call If care is provided at a facility that 866-234-8913. cares for more than six children, the facility must be licensed. 10