Dependent Care Spending Account Question

[Queasy]

I'm helping my wife with the benefits package for her new job when I noticed the dependent care spending account form. I was always under the assumption that it was $5000 maximum contribution for both the husband and the wife. The way her benefits package reads though, it sounds like it is a $5000 max contribution for me and a $5000 max contribution for her for a grand total of $10,000 if we file jointly.

I checked www.irs.gov but I might as well be reading swahili. They didn't clarify it for me either.

 

[jmgonzalez]

Originally posted by: Queasy
I'm helping my wife with the benefits package for her new job when I noticed the dependent care spending account form. I was always under the assumption that it was $5000 maximum contribution for both the husband and the wife. The way her benefits package reads though, it sounds like it is a $5000 max contribution for me and a $5000 max contribution for her for a grand total of $10,000 if we file jointly.

I checked www.irs.gov but I might as well be reading swahili. They didn't clarify it for me either.

My wife has a DC Spending account through work, and it is $5000 max for both husband/wife. If both have an account, each can have $2,500 in each account max to add up to the $5000.

I sure wish they would bump that up another $5000 now that we have a newborn who will be needing daycare in the future.