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Dependent Care FSA (DCA)

Dependent Care FSA from UBT

Dependent Care FSA Savings Chart

*For illustrative purposes only. Savings calculations are based on federal tax rate of 15%, State tax rate of 5% and 7.65% FICA. Actual results may vary.

A Dependent Care FSA is a flexible spending account that allows you to set aside pre-tax dollars for dependent care expenses. Since DCA contributions are deducted from your paycheck pre-tax, your taxable income is reduced. Participants enjoy a 30% average tax savings on their annual DCA contribution.

DCA Benefits

  • Pay for dependent care with tax free dollars.
  • Reduce your taxable income .
  • Helps you budget for dependent care expenses.

Eligible Expenses

DCA funds cover care costs for your eligible dependents while you are at work:

  • Before school or after school care (other than tuition)
  • Custodial care for dependent adults
  • Licensed day care centers
  • Nursery schools or pre-schools
  • Placement fees for a provider, such as an au pair
  • Day camp, nursery school, or a private sitter
  • Late pick-up fees
  • Summer or holiday day camps