The Dependent Care Flexible Spending Account allows you to set aside pre-tax money from each paycheck, which you can use to pay for dependent care services. This can include child and adult day care, summer day camps, preschool and more. With this arrangement, the money you spend on those expenses are effectively tax free.

Are you under the impression that it’s difficult to find FSA eligible items? With thousands of products and services to choose from, and three FSA account types, you’ll find FSA eligible items among products and services you commonly use. Discover common FSA eligible items that work with your Healthcare FSA, Dependent Care FSA, and Limited-Purpose FSA.

There’s no way around it, being a caretaker, whether it’s to a child (or multiple children) or an adult who can’t take care of themselves, requires balance in terms of time and finances. Especially if you also work. You can buy time by hiring a caretaker, but sometimes the cost of that outside help can be a barrier to working for some adults. If your employer (or your spouse’s employer) offers a Dependent Care FSA (DCFSA), this could help you save money on dependent care services. Let’s take a look at how a DCFSA works.