Related Posts
Why won't insurance cover dental veneers?
More Posts
Its that time of year!?
Anyone playing path of exile?
Anyone from Toronto ?
How's the work life balance at Walmart?
Does fis insurance cover cataract surgery?
Food debate: Square or Triangle
Additional Posts in Consulting
Anyone at Deloitte know how to view utilization?
Any 🐠 at #HRTechConf?
New to Fishbowl?
unlock all discussions on Fishbowl.
No.
What is that benefit
Where you put pretax dollars in a flexible spending account to reimburse expenses for day care or household services/babysitting
I have but not for EY. Do you have a specific question about FSAs for dependent care?
I see house services / babysitting I currently have a weekly housekeeper and babysitter but they don’t issue receipts is there a certain type of format of receipt that is acceptable?
If you’re using it for a babysitter, you’ll have to provide tax ID/social. Which means they’ll get hit for taxes. If you didn’t have an explicit conversation about this, you are paying them under the table and can’t use DCFSA. I’ve never heard of housekeeping being eligible but happy to be corrected
Daycare facilities will have tax IDs
And typical spend is beyond the 5k for daycare
Wayyyy beyond. :-). OP said babysitter though
Receipt usually needs to include dates of service, tax ID, and description of what the service was (daycare tuition, babysitting, etc.) Copies of checks cashed are not sufficient.
Btw, does it bother anyone else that the 5k is not per child? That doesn't even cover two months for one child 😐
Agree the cap sure be higher or in a per child basis
Why on Earth should the government subsidize this?