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Reply to "Dependent care FSA"
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[quote=Anonymous]Yeah, but you don't have to pay tax on it, so it's still worthwhile. It actually works really well. How it works is you submit a claim, and then it pays you pack all you have paid into it, every week. For example, your daycare is $1500/month. If you put in the max, $5000 for the year, it takes out $208/paycheck (24 times a year). Then, in Jan, after you've paid your Jan tuition, you submit a claim, and every week, you will get back the $208 you just paid. Then do the same in Feb, Mar and Apr, and then you're all done.[/quote]
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