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Is a DCFSA Right for You?

If you have qualified child or dependent care costs throughout the year and want to save on those expenses, a Dependent Care Flexible Spending Account (DCFSA) may be right for you. With a DCFSA, you can use pre-tax dollars to pay for certain allowed dependent care expenses, which can save you money in taxes. During the upcoming open enrollment period (October 29–November 16), you’ll have the opportunity to consider if the DCFSA is beneficial to you and to elect the DCFSA for 2019 if you so choose. To learn more about the DCFSA, log in to HRpulse.