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Employee Resource Center

FSA Dependent Care Savings Calculator

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Total Annual Income
$


Total Annual Dependent Care Expenses
(or the amount you want to contribute)

$
   
Current IRS guidelines do not allow contributions over $5,000. 
The amount entered should only include items considered eligible for reimbursement.
 


Federal   %
State   %
Social Security   7.65%
 






Taxable Income
$ $
     
*Taxes Withheld
$ $
     
Resulting Take Home Pay
$ $
     
After Tax Dependent Care Expenses
$ $ 0
     
Disposable Income
$ $
     

  $
 

The FSA Dependent Care Savings Calculator for Individuals is meant to provide an estimate of tax savings based upon the information provided. A dependent care tax credit recently made available through the Jobs Growth & Tax Relief Reconciliation Act (JGTRRA) may provide a greater tax benefit than participation in a FSA dependent care plan. Since every individuals expenses and tax situation is unique, we recommend consulting your tax advisor for additional information tailored to your specific tax situation.

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