You may set aside up to $2,550 each year on a pre-tax basis to pay for health, dental, and vision care expenses that are not covered by insurance. Eligible expenses include deductibles, copays, and over-the-counter medications (when prescribed by your doctor).

If you work at least 50 percent full-time, you can enroll in Health Care FSA.

You may set aside up to $2,500 or $5,000 each year (depending on your tax filing status) on a pre-tax basis to pay for dependent care expenses. Eligible expenses include child day care, adult day care (if you’re caring for an elderly parent), preschool, and summer day camps.

IRS documentation

To claim the income exclusion for dependent care expenses on IRS Form 2441 (Child and Dependent Care Expenses), you must be able to identify your dependent care provider.

If an individual provides your dependent care, you will need their Social Security number for identification. If an establishment provides your dependent care, you will need its Taxpayer Identification number.

Research Foundation Subsidy

The Research Foundation provides an annual subsidy to help pay for your dependent care expenses under the Dependent Care flexible spending account. The amount is based on your annual Research Foundation income as follows: