Jabil offers the opportunity for you to save tax-free dollars through the Dependent Care FSA.
Using the Dependent Care FSA
You can use your Dependent Care FSA to pay for eligible dependent care expenses, such as daycare, after-school programs for children up to age 13, and elder care. Learn more about what’s eligible at WEX.
Eligible dependents include:
- Children up to age 13 whom you claim on your federal income tax return.
- A dependent adult who is not capable of self-care and spends at least 8 hours a day in your home.
You can contribute up to $5,000 to your DCFSA each year (or $2,500 if married and filing a separate federal tax return).
Highly compensated employees are subject to IRS non-discrimination testing that may affect contributions.
Plan Carefully
You have until December 31 to use the money in your Dependent Care FSA, and March 31 of the following year to submit claims for those expenses. You lose any money not spent by December 31 or not claimed by March 31.
Not sure how much you should contribute? The WEX Benefits Toolkit provides you tools and resources to help you make your decision.
You must provide a receipt including name of provider, date of service, description of services provided, and dollar amount to WEX to verify your Dependent Care FSA expense is eligible — otherwise it will be considered taxable in the following year.
Note: All Dependent Care FSA participants must file IRS Form 2441.
WEX Mobile App
Use the WEX mobile app for easy access to your account. You can:
- File a claim and upload documentation using your phone’s camera
- Check your balance and view account activity
- Get instant notifications on the status of your claims
- And more