Brian Perry
Senior HTF Member
- Joined
- May 6, 1999
- Messages
- 2,807
Now that my wife and I are shopping for day care for our upcoming baby, we are researching Flexible Spending Accounts, which enable you to have up to $5,000 deducted from your pre-tax pay to pay for covered medical care and/or dependent care such as nursing homes or day care.
My question is whether my wife and I can each deduct $5k (we both work) or if the $5k total is per family.
Thanks.
My question is whether my wife and I can each deduct $5k (we both work) or if the $5k total is per family.
Thanks.