Go to Jeff Salisbury LWGate Home Page.From: Ravi Sekhar <ravi_sekhar@mentorg.com>
Subject: Re: Dependent care spending account
Date: Tue, 11 Apr 2000 06:09:29 -0700
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Hello everyone,
Both me and my wife had Dependent care spending accounts or DCSA (
allows putting away $$ pre-tax for child related expenses ) setup with
our employers for 1999. We contributed a total of about $6000 to these
accounts in total.
My questions are:
1) Is there a maximum per year limit to how much we can put away per
year ? I have read somewhere that it is $5000 ? Is this correct ?
2) Can I do the following:
a) My children's actual child care expenses total over $7000 for
1999. Can I claim the expenses upto $6000 that I have already put into
the DCSA ?
b) If the permitted amount is only $5000, can we show our total
wages ( married filing jointly ) as the dollar amounts shown in the
W-2s, plus the excess $1000 put away in the DCSA account.
Thanks
Ravi
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