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| Dependent Care Reimbursement Accounts (for both adult dependents and
children)
What: Pay for eligible dependent care expenses on a pretax basis.
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| Participating Company: UC Davis |
Maximum contribution $5,000.
B. Advantages:
- Specifically on taxes. Section 125 accounts don’t get taxed on OASDI
and Medicare
C. Disadvantages:
- Savings depends on your particular tax situation.
- First month you pay double.
- You lose any remaining money left in account at end of year.
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