My employer offers a $5000-cap FSA for using pre-tax dollars for dependent care reimbursement.
My spouse's employer offers an identical plan.
Our annual dependent care expenses for the same child exceed $7500.
Can we select $5000 from one employer and $2500 from the other employer, or are we limited to $5000 total?
Out of curiosity, if we are limited to $5000, can we select $2500 from each employer?