Archive by tag: Dependent CareReturn
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As the April 15th income tax deadline quickly approaches, employees that participate in a cafeteria plan that includes employer sponsored health insurance, health care flexible spending accounts (HCFSA), dependent care flexible spending accounts (DCFSA), or health savings accounts (HSA) should keep a few things in mind.
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Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: HCFSA , HSA , DCFSA , Dependent Care Flexible Spending Accounts , Health Savings Accounts , Health Flexible Spending Accounts , IRS Form 2441 , IRS Form 8889 , W-2 , IRS , Income Tax Deadline , April 15th , 2018 tax deadline , IRS Form 1099-SA
The IRS has released IRS Publication 503 and Form 2441 (Child and Dependent Care Expenses) and the accompanying Form 2441 Instructions for the 2018 tax year.
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Categories: Benefits in General, Compliance | Tags: Publication 503 , IRS Pub 503 , 2018 tax filing , Child and Dependent Care , Form 2441 , Form 2441 Instructions

Dependent Care FSA Considerations at Open Enrollment

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Why should you consider the Dependent Care FSA at Open Enrollment this year. We will review some key concepts and outline the advantages that the Dependent Care FSA can provide.
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Categories: Benefits in General, Compliance | Tags: Dependent Care FSA , Flexible Spending Account , Dependent Care Tax Credit , DCTC , Form 2441
As the April 17th income tax deadline* quickly approaches, employees that participate in a cafeteria plan that includes employer sponsored health insurance, health care flexible spending accounts (HCFSA), dependent care flexible spending accounts (DCFSA) and health savings accounts (HSA) should keep a few things in mind.
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Categories: Benefits in General, Compliance | Tags: IRS , Tax Day , DCFSA , HCFSA , Dependent Care FSA , Health Care FSA , HSA , Health Savings Account , Form 8889 , Form 2441 , Form 1095-B , Form 1095-C , April 15th , April 17 , 2018 , Personal Tax Return

Income Tax Season is Upon Us

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January 29, 2018 marked the start of tax filing season. People have until Tuesday, April 17, 2018, to file their 2017 returns and pay any taxes due. The filing tax deadline is later this year due to several factors.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , 1095-A , 1095-B , 1095-C , 1099-SA , 5498-SA , HSA , Dependent Care FSA , Form 2441 , Form 8889 , ACA , group health insurance , HRA , PEB , COBRA Beneficiary
The IRS has released IRS Publication 503 and Form 2441 (Child and Dependent Care Expenses) and the accompanying Form 2441 Instructions for the 2017 tax year.
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Categories: Benefits in General, Compliance | Tags: Pub 503 , IRS , Form 2441 , Dependent Care , Child Expense , DCFSA , Dependent Care Tax Credit
The IRS has released IRS Publication 503 and Form 2441 (Child and Dependent Care Expenses) and its accompanying instructions for the 2016 tax year.
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Categories: Benefits in General, Compliance | Tags: IRS , Pub. 503 , Form 2441 , Dependent Care , FSA , Dependent Care Tax Credit , Form 1040
With open enrollment season upon us, we’ve received several questions regarding anticipatory elections. We also receive calls throughout the year on the related topic of election changes based on an anticipatory election that did not come to fruition.
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Categories: Benefits in General | Tags: Dependent Care FSA , Cafeteria Plan , Health Care FSA

Part Timers and the Dependent Care FSA

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Q. Employer: We’ve had a question come up a couple of times at our meetings this week regarding dependent care. One of the points on our slides is that the employee and spouse must either be working or full time students to be able to use the dependent care account. Are there a minimum number of hours that they need to be working?
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Categories: Benefits in General | Tags: Dependent Care FSA , Cafeteria Plan
Divorced parents who share custody of their child cannot each make a $2,500 dependent care FSA election. For purposes of the dependent care FSA (subject to a $5,000 maximum annual election amount), only the custodial parent may use the dependent care FSA benefit. The custodial parent is the parent with whom the child resides the greatest number of nights.
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Categories: | Tags: Dependent Care FSA , Cafeteria Plan