From Investopedia:
...Millions of people rely on child care to be able to work, while
others are responsible for older parents or disabled family members. If
you care for a child or adult who is incapable of self-care, who lives
in your home for at least eight hours each, and whom you can claim as a
dependent on your income taxes, you may be able to take advantage of dependent care flexible spending accounts
(FSAs). These accounts allow individuals to pay for qualified child and
dependent care expenses while lowering their taxable income....
The money in your FSA can only be used for expenses for:
...Millions of people rely on child care to be able to work, while
others are responsible for older parents or disabled family members. If
you care for a child or adult who is incapable of self-care, who lives
in your home for at least eight hours each, and whom you can claim as a
dependent on your income taxes, you may be able to take advantage of dependent care flexible spending accounts
(FSAs). These accounts allow individuals to pay for qualified child and
dependent care expenses while lowering their taxable income....
The money in your FSA can only be used for expenses for:
- A dependent who is 13 or younger
- A spouse who is unable to work and care for him or herself
- Another adult dependent who is unable to care for him or herself and for whom you claim the dependent exemption on your taxes...
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