Does my daycare provider need to be licensed?
No. However, you are required to submit his/her Tax Identification Number or Social Security Number when filing your Federal Income Tax return.
Does the carryover amount count against the FSA maximum annual contribution limit applicable to each plan year?
No. Participants can still choose to contribute the full FSA annual maximum allowed for that plan year, even if they carry over $500 from the previous plan year.
During the summer my child attends camp. Is this eligible?
Generally, no; however, if the camp is day camp and your dependent attends to allow you and your spouse (if married), to work, look for work or attend school full-time, then yes this would be an eligible expense. Overnight camps are specifically excluded.
How do I enroll in the Flexible Spending Account?
To enroll in the Health and/or Dependent Care FSA, you simply need to fill out the Enrollment Form or enroll online, if available, before the beginning of each Plan Year.
How do I make contributions to my flexible spending account?
Once you make your annual election, your employer will deduct this amount from your paycheck in equal amounts throughout the year, before taxes are taken out.