Dcfsa member flyer

DCFSA Dependent Care Flexible Spending Account A DCFSA lets you use tax-free money to pay for eligible 1 dependent care expenses. A qualifying ‘dependent’ may be a child under age 13, a disabled spouse, or an older parent in eldercare. DCFSA paycheck deductions are tax-free too, which helps reduce your taxable income. The more you contribute, the more you save. Access funds as you make contributions. Enjoy fast, hassle-free reimbursement. Plan ahead because DCFSA funds eventually expire. Don’t tax your money. Spend tax-free. There are so many eligible Max your money. expenses. Here are just few: Get $20 tax savings for every $100 you contribute.2 • Daycare DCFSA Tax-free • Nursery school • Babysitter No DCFSA Taxed • Preschool • Summer day camp • Before/after school programs 3 • Elder daycare DCFSA Contribution Limit $5,000 See how much you can save. HealthEquity.com/Learn/DCFSA 1 DCFSAs are never taxed at a federal income tax level when used appropriately for eligible dependent care expenses. Also, most states recognize DCFSA funds as tax deductible with very 2 few exceptions. Please consult a tax advisor regarding your state’s specific rules. | The example is for illustrative purposes only. Estimated savings are based on a maximum annual contribution and an assumed combined federal and state income tax bracket of 20%. Actual savings will 3 depend on your contribution amount and taxable income and tax status. | Contribution limit is accurate as of 10/22/2024. Each fall the IRS updates the DCFSA contribution limits. For the latest information, please visit: HealthEquity.com/Learn | HealthEquity does not provide legal, tax or financial advice. Copyright © HealthEquity, Inc. All rights reserved. OE DCFSA Standard Flyer 10.29.2024