Can I pay for child care before taxes?How much can I contribute?What is Snap Finance contributing?
Plan Options: Dependent Care Flexible Spending Account
A Dependent Care Flexible Spending account can be used to help offset your out-of-pocket child care expenses. This account allows you to pay child or dependent care on a pre-tax basis and can save you 10% – 30%, depending on your personal tax rate.
(866) 855-2844 | thrivepass.com
 |
Dependent Care Account |
The Dependent Care Flexible Spending Account allows you to set aside pre-tax dollars to pay for qualifying out-of-pocket child or dependent care expenses allowing you to save 10% – 30%, depending on your personal tax rate. The plan administrator, ThrivePass, will help you manage your accounts and claims processing.
| DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT | |
|---|---|
| What would I use this account for? | Eligible dependent care expenses, including adult day care centers, babysitters or nannies, summer day camp, before & after school programs, and child day care. |
| Who is eligible for this account? | In order to be eligible for this account, you must meet one of the qualifying criteria:
|
| What is the maximum amount that I can put in this account? | $7,500 if you are single $7,500 if you are married & filing joint tax returns $3,750 if you are married & filing separate tax returns |
| What does the company contribute? | Snap Finance does not contribute to this account. |
| Are there investment options? | No. |
| When are the funds available? | Your contribution amount is available as it comes out of your paycheck each pay period — not at the beginning of the year. |
| How do I use the funds? | You can use this account to reimburse yourself for eligible dependent care expenses for children under age 13 or anyone who is a dependent under IRS rules. |
| What happens if I don’t use the money during the year? | Any unused funds at the end of the plan year are forfeited per IRS regulations. |
This information is designed to help you choose a benefit plan for 2026 only. Please refer to the Plan Documents provided by the carrier for information regarding coverage, limitations and exclusions. If there is a difference between this guide and the Plan Documents, the Plan Documents prevail.
