Dependent Care Assistance Program (Dcap)
Definition of Dependent Care Assistance Program (Dcap): an Employer Sponsored Program That Provides Reimbursements for up to $2,500 Annually ($5,000 for...
Dependent care assistance program (DCAP),
Definition of Dependent care assistance program (DCAP):
An employer sponsored program that provides reimbursements for up to $2,500 annually ($5,000 for married couples), to employees who pay for dependent care if certain conditions are met. Employees are allowed to deduct dependent care expenses from their paycheck on a pre-tax basis. Employees who use DCAP are not eligible to claim the Child and Dependent Care Credit on their tax return.
Meaning of Dependent care assistance program (DCAP) & Dependent care assistance program (DCAP) Definition
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