In 2021, Dependent Care FSA limits were increased to something like $10,000 from $5,000 the year before for married filing jointly. However, employers could "choose" whether they wanted to increase the limits or not. My employer did not increase the limits for some reason. Can I still receive the full reduction for purposes of calculating my taxable income? Or am I somehow penalized based on my employer's choice? I have two small children and annual dependent care expenses are approx. $20,000.
