The Dependent Care Assistance Program (DeCAP) provides you with the opportunity to use federal and Social Security (FICA) tax-free dollars to pay for the expenses to care for your child(ren) or other dependents while you and, if married, your spouse works or attends school full-time.
How DeCAP Works
- First, pre-tax contributions are made to your DeCAP account.
- Next, you submit a claim on a Claims Form for any eligible dependent care expenses you incur.
- Finally, you receive reimbursement from your DeCAP account.
When you are reimbursed from your account, you receive that money free of federal and FICA taxes.
By enrolling in DeCAP, you not only plan for anticipated dependent care expenses, but also reduce your gross salary for federal and Social Security tax purposes. The end result is that you save on taxes.
Calculate your potential savings using the DeCAP calculator
Read the DeCAP FAQ
Period of Coverage
For Plan Year 2014, the period of coverage for the DeCAP Program is from January 1, 2014 through December 31, 2014.