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FSA DEPENDENT CARE SETUP

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Dorothy
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Posts: 2
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2/28/2014 4:35 PM
    We are setting up a FSA Dependent Care deduction code on the PR05.  For the Tax Status field, there is a value of "10 - Dep Care/Separate" and a value of "11 - Dep Care/Married".  Does this mean that we will need to setup 2 deduction codes? Can we get around this by only setting up a deduction code for "Married"?
    Dorothy
    New Member
    Posts: 2
    New Member
    2/28/2014 4:37 PM
      Posted By Dorothy on 02/28/2014 11:35 AM
      We are setting up a FSA Dependent Care deduction code on the PR05.  For the Tax Status field, there is a value of "10 - Dep Care/Separate" and a value of "11 - Dep Care/Married".  Does this mean that we will need to setup 2 deduction codes? Can we get around this by only setting up a deduction code for "Married"?


      Thanks very much for your comments.
      Mary Porter
      Veteran Member
      Posts: 337
      Veteran Member
      2/28/2014 4:53 PM
        We only set up 1 deduction and did it under tax status 11 since it allows the full $5000. tax status 10 only allows $2500.
        Kelly H
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        Posts: 167
        Veteran Member
        3/6/2014 12:54 PM
          We also only have 1 deduction code also under tax status 11. The employee has some responsibility to monitor it if they are also contributing through a spouse's employer to make sure it does not go over $5000.