Dependent Care

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Dependent Care

Dependent Care Reimbursement Accounts (for both adult dependents and children) 

What: Pay for eligible dependent care expenses on a pretax basis.

 

Participating Company: UC Davis

Maximum contribution $5,000.

B. Advantages:

  1. Specifically on taxes. Section 125 accounts don’t get taxed on OASDI and Medicare

C. Disadvantages:

  1. Savings depends on your particular tax situation.
  2. First month you pay double.
  3. You lose any remaining money left in account at end of year.
 

Copyright 2004.
For problems or questions regarding this web contact [sac50149@csus.edu].
Last updated: May 02, 2004.