You can provide care for your loved ones while you work through a Dependent Care Reimbursement Account (DCRA). By contributing funds to a DCRA, you can keep more of your paycheck as it’s not subject to payroll taxes, which reduces your tax liability.
A DCRA is a pre-tax benefit account that covers eligible expenses such as preschool, summer camps, childcare, and care for your spouse or adult relative living in your home but needs ongoing supervision.
With a DCRA, you can allocate tax-free funds towards eligible expenses, which eases your financial burden. It enables you to balance work and caregiving while keeping more of your income.
