Guest cjangelmine Posted December 17, 2003 Posted December 17, 2003 what is the maximum allowed for dependent care per year?
Guest jfp Posted December 17, 2003 Posted December 17, 2003 What do you mean by "allowed?" Are you talking about the limits on tax-free benefits under an employer-sponsored dependent care assistance plan (under Section 129 of the Code), or the limits on dependent care expenses available for the federal income tax credit?
Guest cjangelmine Posted December 17, 2003 Posted December 17, 2003 looking for the maximum allowable under the tax free benefits under employer sponsored dependent care plan.
Guest JerseyGirl Posted December 17, 2003 Posted December 17, 2003 The IRS-set maximum for the dependent care component of a cafeteria plan is $5,000.00 per calendar year.
Lisa Hand Posted December 18, 2003 Posted December 18, 2003 The $5,000 is for married, filing jointly and head of household $2,500 is the maximum is married, filing jointly If the spouse is a full time student, then a calculation needs to be done to determine their maximum permited
Kirk Maldonado Posted December 18, 2003 Posted December 18, 2003 Similarly, calculations need to be done if the spouse is disabled. Kirk Maldonado
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