A Dependent Day Care FSA is a pre-tax benefit used to pay for eligible day care expenses for qualified dependents in order for you (or your spouse) to work, look for work, or attend school full-time.

What are the benefits?

  • Pre-tax contributions reduce your taxable income.
  • Your Dependent Day Care FSA Funds become available to you as payroll deductions are taken.
  • Easiest way to pay for everyday out-of-pocket eligible dependent day care and/or elder care expenses, with tax-free money.
  • Multiple self-service tools available to easily manage your TASC Account and TASC Card transactions.
  • Use your TASC Card to pay for eligible dependent day care expenses, or easily submit requests for reimbursement online.

How does it work?

  • Use our tax-savings calculator or annual expense estimate worksheet to help determine how much you should contribute per year.
  • Your annual contribution is deducted pre-tax from your paycheck in equal amounts throughout the plan year and deposited into your TASC Account.
  • The Dependent Day Care FSA is a money-in money-out benefit. Each pay period a contribution posts to your account, after which you may submit reimbursement requests for eligible expenses.
  • Manage your account 24/7 via the TASC Benefits mobile app or TASC Online account.

Enrollment Eligibility

Most full-time or part-time state and university employees are eligible to participate in a Dependent Day Care FSA.

For a married individual to be eligible for the Dependent Day Care FSA, your spouse must be unable to provide dependent day care and/or elder care because he/she works full-time, is actively looking for work, enrolled in or attending school full-time, or physically/mentally incapable of self-care.

Ineligible employees:

  • Employees who are classified as fellows, scholars, and research assistants in the University of Wisconsin System, as well as limited term employees, student hourlies, per diems, and other temporary employees.

    Annual Limits

     

    2019

    2018

    Contribution

    $5,000

    $5,000

    Carryover

    $0

    $0

    Any unused Dependent Day Care FSA funds at the close of the plan year will be forfeited.

    Deadlines

    Expenses:

    • For 2018 Benefit Period, you must incur all eligible expenses by December 31, 2018.
    • For 2019 Benefit Period, you must incur all eligible expenses by December 31, 2019.

    Claims:

    • For 2018 Benefit Period, you must submit all reimbursement requests by March 31, 2019.
    • For 2019 Benefit Period, you must submit all reimbursement requests by March 31, 2020.

    Review all claims and provide any required substantiation by December 31.

    Eligible Expenses

    An eligible expense is a dependent care expense the IRS states can be paid for without taxes. Eligible expenses may only be incurred by your qualified dependent(s). Health care expenses are not eligible.

    See the Dependent Day Care FSA flyer or your ERA Participant Guide for a partial list of eligible expenses. For the complete list of eligible and ineligible expenses, visit www.IRS.gov and see IRS Publication 503

    How should I keep track of my eligible expenses?

    You should keep all your receipts and pertinent documentation to prove your Dependent Day Care FSA was used for eligible dependent care expenses. If you pay for anything other than eligible expenses with your Dependent Day Care FSA, the amount will be taxable, and you will be required to repay the amount or pay an additional tax penalty.

    Enrollment Information

    Learn how to enroll in an a pre-tax savings / employee reimbursement account, whether you are enrolling during open enrollment, as a new hire or when you have experienced a life event.

    Read More about Enrollment Information

    Following Enrollment

    You will receive a welcome brochure and TASC card. If you are a current TASC participant, you will not be issued a new TASC Card. You will continue to use your current TASC Card.

    Read More about Following Enrollment
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