What Dependent Care Expenses are Covered Under a DCAP?
A DCAP is an employer-sponsored program that helps you with the cost of dependent care expenses. Here are the costs that are eligible and ineligible for reimbursement under these types of plans.
What Nanny Tax Deductions Can I Claim When Paying My Nanny Legally?
If you’ve hired a nanny, there are two nanny tax deductions you may be eligible to take.
IRS Provides Additional Guidance on DCAPs During COVID-19 Pandemic
The IRS is providing employees with more options for unused amounts in their DCAPs including an extended period for incurring expenses as a result of the COVID-19 pandemic.
How the COVID-19 Pandemic May Impact Your Dependent Care Benefits
The COVID-19 outbreak may impact your DCAP benefits in a variety of ways. Although the IRS has not issued any specific relief or guidance for DCAP benefits due to the COVID-19 outbreak, existing rules may help if your childcare needs have been affected by the outbreak.
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