The maximum contribution to a Dependent Care FSA for married couples filing separately in 2024 is $2,500 per spouse.
If you realize that you are going to contribute too much to your Dependent Care FSA, you could ask your employer if they would let you make an election to revoke your deduction, so you would not exceed the $2,500. An employer is not required to allow you to revoke the election.
Box 10 your your W-2 will reflect the amount of Dependent Care benefits you contributed during the year. If you are MFS, the excess of the amount greater than $2500, plus any amounts less than $2500 that were not used for dependent care expenses will be reflected as ordinary income on your tax return. This calculation is reflected on Form 2441 Child and Dependent Care Expenses.
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