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LSDefine

Simple English definitions for legal terms

dependent care plan

Read a random definition: disputatio fori

A quick definition of dependent care plan:

A dependent care plan is a type of savings account that helps people with dependents, like children or disabled family members, reduce their taxable income. People can set up the account with their employer and have money withheld from their salary to go into the account. The account can only be used for certain expenses, like medical or sitter costs, for dependents under the age of 13 or those with a qualified disability. After paying for eligible expenses, people can apply for reimbursement from the account. The limit for how much can be withheld each year without incurring taxes is $5,000 in 2022.

A more thorough explanation:

A Dependent Care Plan, also known as a Dependent Care Assistance Plan (DCAP) or a Dependent Care Flexible Spending Account (DPFSA), is a type of savings account that helps individuals with dependents reduce their taxable income. This plan allows a person to set aside money from their salary to pay for eligible dependent care expenses, such as child care or care for a disabled dependent.

For example, if a person has a child under the age of 13 and pays for daycare, they can set up a DCAP with their employer. They can then have money withheld from their salary to go into the account, which is not taxed. After paying for daycare, they can submit a claim to the DCAP for reimbursement of eligible expenses.

It's important to note that the Internal Revenue Service (IRS) sets limits on how much can be withheld each year without incurring taxes. In 2022, the limit is $5,000. Additionally, DCAPs can only be used for dependents under the age of 13 or those with a qualified disability, and the plan will only cover certain expenses such as medical or sitter costs.

dependent | dependent relevant revocation (DRR)

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babycat
11:06
For one I would try not asking questions that start with “How do you recommend grooming a child?”
11:06
lol people just have bad connotations with it, is it grooming to have your kid play hockey with you and watch games so they want to play when they turn 6?
Dkk
11:06
@EvolBunny: Maybe, maybe but I think the TBI is better advice.
11:07
yes, is it bad?
gtown baby talk to me .... i know ppl on reddit are mad at u rn maybe like give some As so ppl chill out (mad for valid reason)
Dkk
11:07
From google "TBI stands for traumatic brain injury, which is an injury to the brain caused by an external force"
LSDFan
11:07
all SF operators have TBI's
11:07
@shaquilleoatmeal: what do you mean by invite, interview invite?
11:07
all serial killers drank milk as childs
11:08
children*
11:08
whoore*
BulbasaurNoLikeCardio
11:08
@LSDFan: They call it operator syndrome now at the VA
LSDFan
11:09
lol
11:09
I thought it was door kicker syndrome from all the breaching
Dkk
11:09
Ahh childhood, what a sweet sexual time of discovery. Takes me back.
BulbasaurNoLikeCardio
11:09
Who knew firing thousands of rounds and being next to explosions was bad for our brains
11:09
It is almost like the people doing that used to die fast
11:10
Didnt plan on anyone living long enough lol
11:10
I long to die on a european battlefield
11:10
thats the true white mans burden
11:10
calm down mostly putin
babycat
11:10
yeah fuck gtown btw
LSDFan
11:10
they don't even kick doors. They put C4 in a dip can and tape it to the wall
11:10
I am sure they kick some doors but yes
11:11
@EvolBunny: im a uki
babycat
11:11
terrible admin
BulbasaurNoLikeCardio
11:11
@babycat: I wonder why gtown felt what they said was a good idea and how secure that individual felt in their job to believe there would be no backlash.
Dkk
11:11
please, tell me more about Europa: The Last Battle @MostlyLegal
11:11
nothing you dont already know
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