Dollar Revolution · @DollarRevolution
115 followers · 295 posts · Server mas.to

Gotta love that feeling when I submit our childcare expenses to be reimbursed the $5,000 we put into our Dependent Care FSA throughout the year tax-free!

Going to our basement renovation fund! 🏠 🔨

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#basement #renovation #moneymastodon #fire #financialindependence #benefits #fsa #dependentcare #saving #finance #finances #childcare #personalfinance

Last updated 2 years ago

Dollar Revolution · @DollarRevolution
56 followers · 162 posts · Server mas.to

I wish Dependent Care FSAs would be inflation adjusted similar to IRAs & 401k limits. And/or make that limit be per child instead of per family.

$5k does not go far for childcare in most of the country, especially if you have multiple kids.

We paid a bit over $30k last year for 2 kids, which is on the low end for our area thanks to a corporate discount through my employer.

#benefits #fsa #dependentcare #openenrollment #finances #childcare #personalfinance

Last updated 2 years ago