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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not that complicated.  It basically means that you get to pay for some daycare with pre-tax dollars, so you save in taxes.  You can frontload your FSA account so that you have a larger amount withheld from your paycheck and can get the full amount reimbursed sooner.  And I only ever submitted a single claim for payment.  [/quote]

Not OP, but I just asked our benefits dept. about front-loading (i.e., getting higher amounts taken out of paychecks in the beginning of the year) because I'm a temp employee subject to dismissal at any time.  The benefits dept. said that would violate the IRS's "use as you accrue" rule.  Did anyone else have this issue?[/quote]

Nope.  Unlike the health care FSA (where you can get reimbursed up to the amount of your election even if the money hasn't been paid over yet) the dependent care FSA will only reimburse you up to the amount that's actually been paid over.  Which is why people who front-load their deposits so that they can get reimbursed more quickly.  [/quot
[/quote]

Sorry, posting error.

I guess it is the way our plan is set up?  They won't let me front-load my deposits.  Stinks because I'll use up that $5,000 in a few months![/quote]

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