The Dependent Day Care Flexible Spending Account (DCFSA) administered by Alight is used to reimburse yourself for day care, day camp or other expenses you pay because both you and your spouse work, your spouse goes to school full-time or your spouse isn’t mentally or physically able to care for themself. The DCFSA is not for health care costs.
The IRS has rules about eligible expenses. Learn more on the IRS website and speak with your tax advisor.
Saving and Using Your DCFSA Dollars
- You can save from $100 to $5,000 each calendar year, unless you and your spouse file separate tax returns, in which case, the most you can save is $2,500.
- You have until December 31 to use your current year’s DCFSA dollars. Any dollars left in the account will be forfeited. If you have any claims to file for the prior year, you must file them by March 31.
- You can’t claim an expense using your FSA if you’ll also use that expense as a deduction or credit on your federal income tax return. Speak with your tax advisor for more information.