The DCRA allows you to set aside pre-tax money for eligible dependent care expenses.
Every dollar you set aside in your account reduces how much you pay in income taxes. The money
in the DCRA account can be used to reimburse expenses associated with the care of your children
or other dependents while you (and your spouse) work or attend school full-time.
Here's a list of relevant topics mentioned in the Handbook
See Handbook for more topics.
During open enrollment (November 1 - November 30), you will decide how much to contribute
to your DCRA via payroll deductions for the upcoming
year. While enrolling online, you will elect the Per Pay Period Amount, which will
be deducted from your paycheck monthly or twice a month (depending on your pay schedule)
and the deduction is made before taxes are withheld. This amount will be deposited
into your DCRA.
When you incur and pay for eligible dependent care expenses, you will be reimbursed
from your DCRA after you file a claim. Reimbursements from the DCRA cannot exceed
the amount deposited in your account at the time your reimbursement is processed.