Dependent Care
Available to US-based employees
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Dependent Care Flexible Spending Account (Discovery)
Voluntary pre-tax payroll election that helps you to set aside dollars for eligible dependent care expenses.
- $100 minimum & $5,000 maximum
- For nursery schools, child and adult day care centers, in-home day care providers, and before-and after-school care
- Funds do not rollover to following year – use it or lose it
- Can submit expenses for prior year through March 31 of following year
- To learn more, refer to IRS publications 502 and 503 at www.irs.gov
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