Every Single Tax Deduction You Could Possibly Ask For

Dependent Care Flexible Spending Account

A dependent care flexible spending account lets you set aside pretax money for expenses related to caring for a child. This is not the same as the child tax credit, which you can use for a spouse, parent or other dependent with mental or physical disabilities. You’re allowed to contribute up to $5,000 tax-free toward an FSA every year.

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4 thoughts on “Every Single Tax Deduction You Could Possibly Ask For”

  1. Much Appreciated info in a great floor Mate easy to understand I will be asking some questions this year from our tax man this year 2019

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