Did you know about the FSA Dependent Care Calculator for HR Knowledgebase?
Quality care for dependent loved ones has a significant effect on householders' budgets.
Help your employees realize their income tax savings from your dependent care FSA plan with the FSA Dependent Care Calculator.
Using the FSA Dependent Care Calculator
The FSA Dependent Care Calculator is a tool for:
- Figuring dependent care costs for the calendar year
- Determining the amount of pre-tax dollars to contribute to a dependent care flexible spending account (FSA) per pay period
Criteria include:
Estimate Expenses:
- Child day care center or in-home care
- After-school child care
- Pre-school or nursery school
- Summer day camp
- Elderly or disabled day care center or in-home care
Pay Periods and Taxes:
- Pay periods per year
- Federal tax bracket (based on your estimated family income
Results include:
- Deduction per pay period
- Estimated annual tax savings
Locations for the FSA Dependent Care Calculator
The FSA Dependent Care Calculator feature typically appears on:
• The Calculators landing page
• On the Financial Benefits landing page (often named “Retirement & Savings”)
• The Having a Baby and the Adoption Life Events pages (optional and recommended)
It can also appear on:
• A widget (e.g., the Calculators landing page widget)
• Content pages
• Other landing pages
For examples of FSA Dependent Care Calculator locations, please see V11 KB: About the FSA Dependent Care Calculator.
For questions or more information, contact your HRSD Advisor (Customer Success Manager (CSM)).
