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Posted by bbcrock on June 13, 2006, 10:48 pm
Please log in for more thread options Herb Smith wrote:
> bbcrock@gmail.com wrote:
>> My HR person at work said that with 2 children, the
>> dependent care pre-tax program increases from a $5000 max to
>> a $10k max if there are two earners. It was my
>> understanding that no matter what the cost, number of
>> dependents or number of earners, the maximum money that
>> could be set aside for this program was $5000.
> The FSA limit is $5,000 PER EMPLOYEE. If you both work for
> the same employer, then that could be $5,000 each, for a
> total of $10,000. Of course, if your daycare expenses are
> less than this, the balance is taxable or forfeited.
Call to the IRS said $5k max or $2500 per employee in
two-earner family.
Don
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