The amount you elect to contribute to your DeCAP account is a before-tax salary reduction. This includes a maximum annual administrative fee up to $48.
Annual Contribution:
- Minimum $500
- Maximum* $5,000
The $5,000 maximum is reduced to $2,500 if you are married and file a separate federal income tax return (unless you are legally separated), or by the amount your spouse is contributing to a dependent care assistance program through his/her employer.
If you or your spouse earn less than $5,000 a year, your maximum benefit is limited to the lesser of the two incomes.
Spouse as full-time student or incapable of self care: If your spouse is a full-time student at an educational institution during at least five months of the Plan Year or is incapable of self-care during any month, your maximum contribution is $250 a month for one dependent and $500 a month for two or more dependents.
* The maximum may be less in certain cases; e.g., highly compensated employees.
Calculate your potential savings with the DeCAP calculator
Flexible Spending Accounts Program
