WebWhat if my spouse participates in a Dependent Care FSA? If you are married and file a joint tax return, the maximum amount you may exclude is $5,000. In other words, you and your spouse may not each claim $5,000. The maximum amount available if you are married but filing separate returns is $2,500. WebNov 1, 2024 · Yes, you can have both a Dependent Care FSA and a medical HSA. However, a Dependent Care FSA is NOT for health care coverage for dependents. It is for daycare and other related expenses (day camps, before/after school care, etc.), NOT medical bills. That's what the HSA is for. The DCFSA decision should be independent of …

FAQs - FSAFEDS

WebIn other words, you and your spouse may not each claim $5,000. The maximum amount available if you are married but filing separate returns is $2,500. Please note you may … WebIf both spouses are eligible for HSAs, they must each set up individual accounts. Both spouses may contribute to their individual accounts via payroll deduction, and funds from either spouse’s HSA can be used to pay for the other spouse’s eligible expenses. how to send money abroad from uk

Solved: We file married jointly. can both me and my …

WebAn Flexible Spending Account (FSA) is a valuable employee benefit that allows you to have pre-tax dollars withheld from your paycheck to pay for eligible health care or dependent care expenses. It covers not just your medical expenses, but also the expenses of your spouse and tax dependents. Depending on your tax bracket, you may save up to … WebAugust 27, 2024. It's not uncommon for there to be multiple FSA accounts in a single household if the adults in the home each have one through their employer. Since an … WebFor 2024, you and your spouse are both eligible individuals. You each have family coverage under separate HDHPs. You are 58 years old and your spouse is 53. You and … how to send money at walmart money center