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Flex Spending Account, A State employee benefit that puts money in your pocket
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Savings spacer Dependent Care Advantage Account

What Is The Dependent Care Advantage Account?
Eligibility
Employer Contribution To Your DCAAccount
How Do I Enroll?
Eligible Expenses
Ineligible Expenses
Changes In Status
DCAAccount Claims Process
Payroll Changes
What To Do At Tax Time
Federal Tax Credit Or DCAAccount?
Dependent Care Advantage Account Worksheet
Dependent Care Advantage Account Forms
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Message From The Director
Overview
Health Care Spending Account
Dependent Care Advantage Account
Frequently Asked Questions

NYS Flex Spending Account Home
 
Dependent Care Advantage Account
Worksheet


To help plan the amount of your DCAAccount contribution, use this worksheet. You may want to look at what you spent for dependent care last year before deciding how much to contribute in the new plan year.

First, estimate your total expenses. If you are enrolling during the open enrollment period, use the chart below to calculate your expenses for the next calendar year. If you are joining the program during the year (that is, after the open enrollment period is over), use the chart to calculate your expenses for the remainder of the calendar year.

Type of Expense Amount
per Week
X Number of
Weeks/Year
= Total
for Year
Baby Sitter
Child Care Center
Nursery School
Before/After School Care
Summer Day Camp
Adult Day Care Center
Disabled Dependent Care1
Household Services2
Transportation Services3
Other Expenses
(=) TOTAL ANNUAL EXPENSES
(MAXIMUM AMOUNT ALLOWED BY IRS IS $5,000,
depending on your tax filing status)
(/) NUMBER OF PAYCHECKS
(=) BIWEEKLY DEDUCTION FOR DCAAccount



IRS regulations state that whether an expense is eligible or not will depend upon the facts and circumstances of each case.


1 Disabled dependent care is eligible regardless of whether it is provided inside or outside your home, as long as the dependent resides with you at least 8 hours a day.

2 Household services, such as a cook or housekeeper, are eligible if the services are provided, in part, to a person who qualifies as a dependent and are provided to enable you and your spouse to work.

3 Transportation costs may be reimbursable expenses, if the services are needed to transport your dependent to his/her care provider (such as bus or van services, or other contractual arrangements) and the costs are paid to the care provider.


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This Page Last Updated: Tuesday, September 16, 2003 at 1:06:44 PM

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