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2005 Dependent Care Account Maximums


Guest Cgross

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Guest Cgross

Has anyone heard if the amounts allowed to be contributed to Dependent Care Accounts are going to change for 2005? Are they expected to stay at $5000/$2500?

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Guest JerseyGirl

I believe it's still a little too early in the year for that--IF a change is made, it most likely won't be made public until Novemeber or December.

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Why do you think they will change? The numbers are hard-wired into Section 129(a)(2)(A). There is no provision for an automatic increase.

It would take new legislation from Congress to change the numbers. Nothing in the pipeline that I am aware of to do that.

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Guest okiedokie

I haven't heard of anything regarding the change in amount for Dependent Care. However, I read an article that was in the Benefitslink Newsletter on June 25, 2004 that referred to The House passing a bill that would allow unspent Depenent Care money upto $500.00 for a plan year to be rolled over to the next year. The article came from AccountingWEB.com (on June 23, 2004). title: House Passes Bill Allowing More Child Care Savings. Has anyone else heard or read this and could provide more information?

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