With a Dependent Care Flexible Spending Account, you can set aside part of your pay on a pre-tax basis to pay for eligible dependent care expenses like child care, babysitters and adult day care. Eligible dependents must be claimed as an exemption on your tax return.

The 2024 dependent care contribution limits are as follows:

• $5,000 for single taxpayers and married couples filing jointly
• $2,500 for married individuals filing separately

Highlights

• Funds are for your dependent(s) age 12 or younger, or a spouse or dependent incapable of self-care.
• Pay for eligible child and adult care expenses, such as:
  • Day care
  • Before and after school care
  • Preschool and nursery school
  • Summer day camp