Dependent Care Spending Account. If an employee has dependents that need care in order for the employee to work, the employee may use the Dependent Care Account to pay this cost with pre-tax dollars. Expenses must be for an eligible dependent as defined by Federal Income Tax Form 2441 “Credit for Child and Dependent Care Expenses.” An employee may annually contribute up to the maximum allowed under the IRS code.
Appears in 6 contracts
Samples: Collective Bargaining Agreement, Memorandum of Agreement, Collective Bargaining Agreement
Dependent Care Spending Account. If an employee has dependents that need care in order for the employee to work, the employee may use the Dependent Care Account to pay this cost with pre-tax dollars. Expenses must be for an eligible dependent dependent, as defined by Federal Income Tax Form 2441 2441, “Credit for Child and Dependent Care Expenses.” An employee may annually contribute up to the maximum allowed under limits established by the IRS codeInternal Revenue Code.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Dependent Care Spending Account. If an employee has dependents that need care in order for the employee to work, the employee may use the Dependent Care Account to pay this cost with pre-tax dollars. Expenses must be for an eligible dependent dependent, as defined by Federal Income Tax Form 2441 2441, “Credit for Child and Dependent Care Expenses.” An employee may annually contribute up to the maximum allowed under the IRS code$5,000 ($2,500 if married and filing a separate return) annually.
Appears in 1 contract
Samples: Collective Bargaining Agreement
