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Dependent Care FSA Claim Form ADP Flexible Spending Accounts

Dependent Care FSA Claim Form ADP Flexible Spending Accounts

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Insurance guide 360 insure with confidence how do I use my dependent Care flexible spending account a dependent Care flexible spending account or dcfsa allows you to set aside pre-tax dollars for eligible dependent care expenses this account is particularly beneficial for working parents or Guardians who incur costs for child care or care for disabled dependents the first step in utilizing your dcfsa is to enroll through your employer benefits program during open enrollment after enrollment you will need to determine how much you want to contribute for the year contributions are deducted from your paycheck before taxes reducing your taxable income eligible expenses typically include costs for daycare preschool and after school programs for children under the age of 13 additionally expenses for care for a disabled spouse or dependent are also covered it is crucial to retain all receipts and documentation for your expenses as you will need these when submitting claims to access your fund

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