Federal tax law limits the amount you can contribute to a Dependent Care FSA each plan year. You may choose an annual contribution up to the maximum amount for which you qualify. Your max contribution depends upon your annual earnings, your tax filing status, your spouse's annual earnings, and several other factors. The contribution maximums are the lesser of:
It is your responsibility to ensure your annual contributions do not exceed the maximum amount allowed by the IRS.
Your Tax Filing Status
Married and Filing Separately:
Single:
Married Filing Jointly, or, Single Parent:
Any Status:
Maximum Annual Contribution
$2,500
$5,000
$5,000
The employee's earned income (if less than $5,000/$2,500)
OR
The spouse's earned income (if less than $5,000/$2,500).*
*Note: Special rules may apply where a spouse who is a full-time student or incapable of self-care, as provided by federal law.
