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Dependent Care Account. This account reimburses you for expenses associated. with the care of your children or other dependents while. you (and your spouse) work or attend school full-time. The. maximum annual amount allowed for this plan is $5,000. or $2,500 for married taxpayers filing separate returns.
Money in your health care FSA can be used to pay for health care expenses, such as prescribed medications, vision and dental care. Your dependent care FSA helps you pay for expenses incurred to care for children or other individuals while you work. Examples of eligible expenses include day care, preschool, babysitting or elder care. Read more about who qualifies as a dependent in Publication 503 on www.irs.gov.