You can establish an FSA to pay for dependent care, like childcare. The amount you can set aside for dependent-care FSAs usually is limited to $5,000 a year (or $2,500 for Married Filing Separately. You’ll receive a tax advantage with a health FSA. However, dependent-care FSAs are ...
An FSA is a tax-advantaged employee benefit to help employees pay for medical expenses like copays, over-the-counter medications, etc.