![]() "The introduction of the DCFSA for military families is a significant milestone in DoD's ongoing effort to take care of our people. Dependent care is vital for maintaining military readiness as it enables service members and DoD civilians alike to focus on their duties with peace of mind, knowing that their loved ones are receiving quality care. Additionally, this benefit is already available to DoD civilians. The DoD estimates that approximately 400,000 active component service members and members of the Active Guard Reserve on Title 10 orders have eligible dependents and thus may be eligible for this benefit. Qualified expenses include child care, preschool, and before and after school programs for dependents under 13 years of age, care for incapacitated family members of any age, and other eligible dependent care expenses that enable service members and spouses to work, look for work, or attend school full-time. The Dependent Care Flexible Spending Account (DCFSA) initiative provides accounts that allow eligible service members to set aside up to $5,000 per household in pre-tax earnings for qualified dependent care expenses. Department of Defense (DoD) has expanded eligibility for a benefit that will provide military families with another financial option for reducing the burden of the cost of dependent care, ultimately bolstering military readiness. Office of Personnel Management (OPM), the U.S. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |