Childcare Fsa Max 2024

Childcare Fsa Max 2024. Like dependent care fsas, the dependent care tax credit is for care expenses for children younger than 13 plus minors and adults unable to care for. Internal revenue code §129 sets the annual dependent care fsa contribution limit at $5,000 (or $2,500 for married individuals filing separately).


Childcare Fsa Max 2024

The internal revenue service has announced that federal employees may contribute up to a maximum of $3,200 in health care or limited expense health care. So, while the maximum allowed under a dependent care fsa is $5,000, you may be able to apply the child and dependent care tax credit for amounts over that.

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