can I use it to pay my parents (their grandparents) for helping to watch the kids? How does it affect THEIR taxes if they are retired and on SSN and 401k payout?
Can a person skip the FSA and just take the deduction on 1040 Form 2441? I feel like a deduction might be easier on the taxes than dealing with payroll deductions, credit card, receipts, etc..
Does this cover preschool? If I only have for example $100 in the dcfsa, and I pay pay $600 per month, can I use $100 in the the dcfsa towards that $600 bill?
Are the FSA debit funds avalible as soon as FSA is deducted from my paycheck? Will I be able to use the FSA debit card to pay for child care the nest month? OR is FSA deducted from my paycheck and I still have to pay for child care out of pocket only getting a re-embursment at the end of the year (only after a request)?
Great video! Needed a refresher on DCA. One question though, you said that on Jan 1 the balance goes to zero. I thought that you had a grace period, March 31 I thought, to claim the expenses, as long as they were incurred prior to December 31.
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Yes! We max it out! Hope they raise the limit in the future.
Nice!
can I use it to pay my parents (their grandparents) for helping to watch the kids? How does it affect THEIR taxes if they are retired and on SSN and 401k payout?
Can a person skip the FSA and just take the deduction on 1040 Form 2441? I feel like a deduction might be easier on the taxes than dealing with payroll deductions, credit card, receipts, etc..
What are the benefits rather than just paying and claiming the childcare in your taxs at the end of the year
Does this cover preschool? If I only have for example $100 in the dcfsa, and I pay pay $600 per month, can I use $100 in the the dcfsa towards that $600 bill?
So I don’t get it how does this help
Are the FSA debit funds avalible as soon as FSA is deducted from my paycheck? Will I be able to use the FSA debit card to pay for child care the nest month? OR is FSA deducted from my paycheck and I still have to pay for child care out of pocket only getting a re-embursment at the end of the year (only after a request)?
Great video! Needed a refresher on DCA. One question though, you said that on Jan 1 the balance goes to zero. I thought that you had a grace period, March 31 I thought, to claim the expenses, as long as they were incurred prior to December 31.
You are correct about the grace period but typically you have until March 15 to use it, and file claim by March 31.
when they talk about the allotment on the FSA DC is that monthly or biweekly?
Wow nice video thanks!
What if you're divorced and have joint custody? Can one of the parents use the FSA?
my child doesn't have ssn. can i enroll in DC FSA to pay for her preschool?
can u use it to pay for over seas child care?
Can I use an FSA if I get childcare assistance, but I do pay a Copay?
Great question. I would love to hear the answer to this as well.
Interesting question I'd like to know as well
Thank you for the video, but I have a question, can I get the dependent care FSA,although I don’t claim my son
Is your son on your healthcare plan?
@@FIREPsyChat yes, but I don’t claim him on the taxes my spouse does
Will it benefit me if I work and my spouse is a full time student?
As far as what benefit?