Dependent care FSA
Dependent care flexible spending account (FSA) is a savings account funded through pre-tax payroll deductions to help pay for qualified expenses related to care for dependents 13 years old or younger, disabled spouse, elderly parent, or other dependent who is physically or mentally incapable of self-care.
Enrolling in an FSA is optional. It’s important to plan carefully and not put more money in your FSA than you think you’ll spend within a year. Otherwise, you may lose access to it. This is referred to as the “use-or-lose” rule.
Note: If your FSA is managed by Gusto and you need to submit a claim, see our Help Center article to learn more about the documentation needed.