Let's say I have contributed and used $5,000 in 2018 for my dependent care FSA. Late in the year, I get a new job. Can I contribute to the new account for 2018?

According to Zenefit, the healthcare FSA limit resets when you get a new account, but they say

This specifically applies to Health Care FSA's only, not Dependent Care FSA's.

Can anyone confirm whether I can contribute more than $5,000 to a dependent care FSA if I change jobs during the year? Thanks.

  • Since it's use-it-or-lose-it, why would you want to? – RonJohn Sep 28 '19 at 18:23
  • @RonJohn so that I can use it for qualifying daycare expenses before the end of the year. – NSouth Sep 28 '19 at 18:25
  • Since you'd already contributed and spent the limit, what would you have done if you'd not changed jobs? – RonJohn Sep 28 '19 at 18:28

I haven't found the actual IRS regulations regarding this, but Investopedia says that the limit is for the year, saying nothing about how that is divided amongst multiple plans.

The IRS limits the total amount of money you can contribute to a dependent care to $5,000 each year for married couples filing jointly, unmarried couples and single individuals and $2,500 if you are married and filing separately.

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I never got an explicit answer, but HR pretty much regurgitated

This specifically applies to Health Care FSA's only, not Dependent Care FSA's.

So I'm assuming it does not apply to dependent care FSAs.

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  • You'll find out for sure next year when you do your taxes... :) – RonJohn Oct 5 '19 at 23:58

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