When can I use the money?
You can use funds that are currently in your account. You can be reimbursed for expenses you incur between January 1, 2025 – March 15, 2026. You can submit claims from this period for reimbursement through June 15, 2026.
You can use funds that are currently in your account. You can be reimbursed for expenses you incur between January 1, 2025 – March 15, 2026. You can submit claims from this period for reimbursement through June 15, 2026.
You can make payments directly to providers or get reimbursed from your account.
Eligible expenses, including licensed day care, after-school care programs or summer day camps for dependents under age 13, or care provided for disabled or elderly dependents or your disabled spouse.
Not exactly. You will need to enroll and elect an annual contribution amount in order to participate in the DCFSA.
You can change your contributions only if you experience an applicable qualified life event.
You can contribute a minimum of $500 to a maximum of $5,000 a year.
If you are married and file separate tax returns, the most you can contribute is $2,500. The IRS maximum contribution may be no more than the maximum earnings of the spouse who earns the least.
Only you can make contributions.
You are eligible to open a DCFSA if you have eligible dependents.
Consult your tax advisor for information about the tax consequences of reimbursements you receive from the program and help in filing Form 8839.
Yes, there are. Hess intends that benefits you receive through the Adoption Assistance Program not be considered income for federal income tax purposes, to the extent permissible under Internal Revenue Code section 137. The IRS adjusts the tax credits and income limits periodically. You should consult with a professional tax advisor regarding the latest published figures. Please note that state and local taxes may also apply to benefits you receive through this program.
You are responsible for understanding the tax treatment of benefits you receive through the program and for claiming any applicable income exclusion by filing a Form 8839 along with your federal income tax return.
Consult your tax advisor for information about the tax consequences and help in filing Form 8839.