Maximize Your Savings with Dependent Care FSA | Full Guide 2025

Maximize Your Savings with Dependent Care FSA | Full Guide 2025

Hey guys, John here from "Friends with Your Benefits". In this video, we're diving deep into how you can save a significant amount of money if you have dependents by using a Dependent Care Flexible Spending Account (FSA).

Here's what we cover:
What is a Dependent Care FSA? Learn about this tax-favored account offered by many employers that lets you set aside pre-tax dollars for eligible dependent care expenses.

Tax Savings Explained: We break down how contributing to a Dependent Care FSA can reduce your taxable income, providing you with potential tax savings for 2025. See how you could save up to $1500 annually with our real-life example.

Eligible Expenses: Discover what counts as an eligible expense - from daycare to after-school programs , but remember, overnight camps don't qualify!

Filing Your Claim: Step-by-step guidance on how to file your dependent care claims online. We use Trion, powered by Wex, as our example, but the process is similar for other platforms.

We make sure to go through each step so you can file your claims confidently. Watch until the end for a practical demonstration of the claim submission process.

Have you enrolled in a Dependent Care FSA yet? How was your experience with filing claims? Share your thoughts and experiences in the comments below!

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[laurencoy]

How can I go about reducing my monthly contribution if I set it to high? I set it at the max amt of $5k for the year but after running the numbers the annual DC amt for this year will hit between $3k-$4k. I had to set my contribution in Sept and some of the camps my child was going to attend, he is no longer going to attend this year.