Both you and your spouse are welcome to take advantage of DCFSA benefits, but as per IRS rules, there are limitations.
2024 Contribution Limits
For 2024, employees with a Dependent Care FSA (DCFSA) may elect to contribute up to an annual maximum of:
- $2,500.00 per year if you are married and file a separate tax return
- $5,000.00 per year if you are married and file a joint tax return or if you file as single or head of household
*The 2024 contribution amount remains the same as the 2023 DCFSA contribution limit amount.
In other words, if both you and your spouse contribute the same amount, the maximum you could each contribute would be $2,500.
If you share custody of a dependent with someone else, then you may each claim $2,500 toward dependent care as well.
Questions? We are happy to help! Please reach out to Benepass Support for any assistance.