A sole proprietor or self-employed person can receive some of the dependent-care benefits available to employees through cafeteria plans by setting up a Dependent Care Assistance Program. These are ...

The American Rescue Plan Act of 2021 (ARPA), signed into law by President Biden on March 11, increases the amount employees can exclude from their 2021 gross taxable income for employer-provided ...

The IRS explained in a notice in May that dependent care assistance program balances carried forward under temporary COVID-19 relief provisions retain their exclusion from participating employees’ ...

On May 10, the Internal Revenue Service (IRS) issued Notice 2021-26, which states that unused employer-provided dependent care assistance program (DCAP) benefits from 2020 or 2021 that are used in the ...