The amount goes down to $2,500 for married people filing separately. Dependent care fsa does not allow carryover, but has a grace period to spend any remaining funds through.
But if you have an fsa in 2024, here are the maximum amounts you can contribute for 2024 (tax returns normally filed in 2025). For information regarding changes to the credit for 2021 only, see q6 through q14.
Dependent Care Fsa Limits For 2024 The 2024 Dependent Care Fsa Contribution Limit Is $5,000 For “Single” Or “Married Couples Filing Jointly” Households.
The internal revenue service (irs) limits the total amount of money that you can contribute to a dependent care fsa.
For 2021 Only, As Part Of The American Rescue Plan, Single Filers And Married Couples Filing Jointly Could Contribute Up To $10,500 Into A Dependent Care Fsa In 2021, And Married Couples Filing Separately Could Contribute $5,250.
The dependent care fsa maximum, which is set by statute and not adjusted annually for inflation, is usually $5,000 a year for individuals or married couples filing jointly, or $2,500.
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You May Be Able To Claim The Credit If You Pay Someone To Care For Your Dependent Who Is Under Age 13 Or For Your Spouse Or Dependent Who Isn't Able To Care For Themselves.
18, as the annual contribution.
The Minimum Annual Election For Each Fsa Remains Unchanged At $100.
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