How can you make childcare more affordable?
Dependent Care FSA’s are a tax advantaged account that can be particularly beneficial for high income earners to save money on childcare.
The Dependent Care FSA & 5 Other Ways to Save on Childcare
By: Scott Sturgeon, JD, MBA, CFP®
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The Dependent Care FSA (Flexible Spending Account) is often one of the most overlooked workplace benefits that employees can utilize to pay for childcare and dependent care. Similar to it’s cousin, the Healthcare FSA, Dependent Care FSA’s allow for pre-tax dollars to be used towards paying for care expenses of dependents.
In a recent article on GoBankingRates.com, Founder & Senior Wealth Advisor Scott Sturgeon discusses the benefits and limitations of a Dependent Care FSA and why they might be a fit for you to save money on childcare. Follow the link below for more info on Dependent Care FSA’s and other ways to save on childcare costs!
https://www.gobankingrates.com/saving-money/family/ways-to-help-make-child-care-more-affordable/
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