Dependent Care FSA
Channel: EA Tax Resolutions
Date: 18/09/2021

A dependent care FSA is a pre-tax account benefit offered by your employer used to pay for eligible dependent care services. 

In this video we go over the potential tax savings, and how it works.

00:00 - Dependent Care FSA
00:31 - What is a Dependent Care FSA?
00:43 - Eligible dependents for FSA
01:00 - FSA eligible expenses
01:22 - Other important FSA details
03:13 - 2021 FSA Contribution limits
03:28 - FSA Tax Savings Example

EA Tax Resolutions Website: https://eataxresolutions.com/?utm_source=Youtube&utm_medium=Video&utm_campaign=Dependent+Care+FSA
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🤵If you are looking for professional tax help with your tax use the link below to schedule an appointment for us to go over your specific case: https://calendly.com/anthony-eataxresolutions/discovery-call
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🔴 Child and Dependent Care Tax Credit vs Dependent Care FSA - 2022: https://www.youtube.com/watch?v=hHvmzB_hxgg
🔴 HSA vs FSA: https://www.youtube.com/watch?v=X0zUj7w0Phg&list=PLLxvTT0Ye4dXejD1VZkg66a7MUT0NYp-2&index=20
🔴 Opt Out 2021 Advance Child Tax Credit Payment: https://www.youtube.com/watch?v=6LkHQjTTEOo

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

#FSA #DependentCare #Tax