Dependent Care Assistance Program (DCAP)

The Dependent Care Assistance Program (DCAP) allows you to set aside a portion of your pay on a pre-tax basis to pay for dependent care expenses, such as after-school care, adult daycare, day camp, au pair/nanny fees, etc.

This plan has a “use it or lose it” rule, so any money left in your account at the end of the plan year will be forfeited. You must submit claims for reimbursement by March 31 of the following year.

You can set aside up to $7,500 per year on a pre-tax basis: