Can i use my fsa to pay for child care?

No, you can use the Dependent Care FSA to cover expenses for anyone who watches your children while you and your spouse are working. It can even be a family member, as long as that person is not your tax dependent. The only rules that apply are that you must provide the Social Security number or Tax ID of your daycare provider, and that person must claim the income.File Size: Page Count: 

Where can I Check my FSA balance? You can view the total available funds in your Health Care FSA and/or Child & Elderly Care FSA in the Flexible Spending Account app. Simply click on the app from your dashboard and look for your FSA funds under Benefits Summary.

What counts as dependent care expense? A dependent care expense refers to day care for children under age 13 or day care for a disabled spouse, dependent, or elderly parent who lives with you at least eight hours a day. Dependent care expenses must be necessary for you and your spouse (if applicable) to work.

How does Dependent Care FSA work? Dependent Care FSAs . A Dependent Care FSA lets you use pretax dollars to pay for eligible expenses related to care for your child, disabled spouse, elderly parent , or other dependent who is physically or mentally incapable of self-care, so you can work, or if you’re married, for your spouse to work, look for work or attend school full time.

What is FSA dependent care? A Dependent Care FSA (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services, such as preschool, summer day camp, before or after school programs, and child or adult daycare.

What can you spend FSA money on?

What can you spend FSA money on? The most common way to spend FSA money is on out-of-pocket medical expenses, like co-pays and prescriptions. You can also use FSA money on health care products and services, from bandages to acupuncture.

How do I check the balance on my account? Six Easy Steps Log In Online. You can check your account balance online anytime-and much more. Mobile Apps and Text Messages. Mobile phones, tablets, and other devices make it easy to check on accounts from just about anywhere. Use an ATM. Call the Bank: If you prefer a more traditional approach, call your bank to find out your balance. Set up Alerts. Talk to a Teller.

How does FSA plan work? A flexible spending account, or FSA, is a way for you to set aside money for qualified medical, dental or vision expenses or dependent care. You fund an FSA through pre-tax deductions from your paycheck. The total amount you choose to deposit is taken out of your paycheck over time, but you get the full amount for use at the beginning of the year.

How do FSA accounts work? A flexible spending account, or FSA, is an account eligible employees allocate pre-tax money to throughout the year. They then use funds in that account to pay for certain out-of-pocket health care costs. Employees can use FSA funds to pay for certain out-of-pocket health care costs.