Dependent Care Benefits

Dependent Care Benefits (W2)

Benefits that are offered by employers to the employee(s) so that they can take care of their dependents are called Dependent Care Benefits. IRS (Internal Revenue Service) manages and is responsible for running an employee benefits system that includes Dependent Care Benefits. Box number 10 in the W2 Form has the list of the dependent care benefits.

What is included in Dependent Care Benefits?

• FSAs (flexible spending accounts)
  
• Paid Leave(s) - Family and Medical Leave Act (FMLA), Paid Family and Medical Leave (PFML), etc.
  
• Certain tax credits

Who are eligible to be called as Dependent for Dependent Care Benefits?

• Child or relative below the age of 13years
  
• Spouse of the employee, who is mentally or physically incapable to take care of him/herself and has lived more than 6months with the employee
  
• Any family member of the employee, who is mentally or physically incapable to take care of him/herself and has lived more than 6months with the employee.