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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.
Dependent Care Flexible Spending Account. It s not what you earn, it s what you keep that counts! A Dependent Care Flexible Spending Account will let you set aside a portion of your paycheck tax free to pay for dependent care expenses (IRS regulations allow up to $5,000.00 per calendar year per family).Contributions are deducted from your paycheck prior to federal, state and social security tax.ependent Care Flexible Spending Account. It s not what you earn, it s what you keep that counts! A Dependent Care Flexible Spending Account will let you set aside a portion of your paycheck tax free to pay for dependent care expenses (IRS regulations allow up to $5,000.00 per calendar year per family).