Corporate Voices for Working Families
Corporate Voices for Working Families Supports Legislation to Increase Dependent Care Flexible Spending Account Limits
Published in Medicine and Law Weekly, October 10th, 2008
The legislation proposes an increase in the cap on DCFSA from the current maximum of $5,000 a year -- a figure that has been unchanged since 1986 -- to $7,500 a year. In today's dollars, this tax benefit is worth only $2,800, while the average cost of care for an infant ranges from $4,000 to $14,000 a year.
"DCFSA is a powerful tool that benefits working...
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