The new FCNY TIAA employee portal is now available! Check it out to manage your 401(k) contributions, investments, and more.
DCAP allows you to use pretax money for dependent care expenses for children under the age of 13 or a Spouse or other dependent as defined by Federal tax law.
The maximum that can be put aside for 2025 is $5,000 for individuals or married people filing taxes jointly; or $2,500 for married people filing taxes separately. Unused funds will be forfeited.
The 2026 limit is $7,500 for single filers and married couples filing jointly, and $3,750 for married couples filing separately. Unused funds will be forfeited.
Please view the attached Healthcare FSA and DCAP Guide for additional details.