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! 🏠 🔨
#PersonalFinance #Childcare #Finances #Finance #Saving #DependentCare #FSA #Benefits #FinancialIndependence #FIRE #MoneyMastodon #Renovation #Basement #
#basement #renovation #moneymastodon #fire #financialindependence #benefits #fsa #dependentcare #saving #finance #finances #childcare #personalfinance
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.
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#benefits #fsa #dependentcare #openenrollment #finances #childcare #personalfinance