FSA DEPENDENT CARE SETUP

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Dorothy
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We are setting up a FSA Dependent Care deduction code on the PR05.  For the Tax Status field, there is a value of "10 - Dep Care/Separate" and a value of "11 - Dep Care/Married".  Does this mean that we will need to setup 2 deduction codes? Can we get around this by only setting up a deduction code for "Married"?
Dorothy
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Posted By Dorothy on 02/28/2014 11:35 AM
We are setting up a FSA Dependent Care deduction code on the PR05.  For the Tax Status field, there is a value of "10 - Dep Care/Separate" and a value of "11 - Dep Care/Married".  Does this mean that we will need to setup 2 deduction codes? Can we get around this by only setting up a deduction code for "Married"?


Thanks very much for your comments.
Mary Porter
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We only set up 1 deduction and did it under tax status 11 since it allows the full $5000. tax status 10 only allows $2500.
Kelly H
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We also only have 1 deduction code also under tax status 11. The employee has some responsibility to monitor it if they are also contributing through a spouse's employer to make sure it does not go over $5000.