If you utilize day care or babysitting services, you should consider using the pre-tax dependent care Flexible Spending Account. You can contribute any amount up to $5,000 for married couples and a maximum of $2,500 if you are a single parent. The Dependent care FSA allows a larger portion of your paycheck to pay for the care of your child under 13, as well as adult dependents if necessary. The child care provider must be “on the books” to utilize the FSA for payment and the funds must be used before the end of the year or they expire. When your child gets older, you can also use Dependent care for other eligible expenses such as summer day-camp. (As always, consult with your HR Rep or an advisor before making financial decisions).