Sentence examples for dependent care account from inspiring English sources

Now, use an employer-provided dependent care account to put $5,000 per family of pretax money aside for child care, day camp or similar expenses.

They cannot take a $480 dependent care credit for Sydney (Line 44) because Felicity had $5,000 of pretax income, the maximum allowed by her employer, put into a dependent care account for his care.

You can also use a flexible spending account or dependent care account as a form of forced savings; the only trick is to put the reimbursement money someplace where it won't be easy to spend.

So they put a total of $5,000, the maximum, in a dependent care account to pay for day camp for the two children.

They could not claim a child and dependent care credit (Line 40) because Felicity had her employer put $5,000 of her compensation into a tax-free dependent care account, for which they must fill out Form 2441 (not shown).

The Bureau of Labor Statistics reports that among individual civilian workers who took home more than $81,806 in 2010 (which would put them in the 90th percentile of earnings), 22 percent had access to a health savings account, 64 percent had access to a health care flexible spending account and 61 percent could participate in a dependent care account.

Eligible dependent care expenses incurred during that time, though, are reimbursed up to balance in their dependent care accounts, according to the Office of Personnel Management.

He's now a consultant, and pretax transportation benefits (and health care flexible spending accounts, and dependent care accounts and many other benefits) aren't available for independent workers.

(For more on the dependent care accounts and credits, click here).

Another proposal aimed at lower-income parents is a dependent care savings account, a version of a flexible spending account usually offered by employers.

The $3,000 paid to Ms. Purr came from the $5,000 in Felicity's dependent care assistance account, which is the legal maximum.