Categories: Mind & Soul

26 Ways the GOP’s Tax Reform Will Affect Your Wallet

13. A Reprieve for Dependent Care Plans

The House of Representatives called for preventing working parents from setting aside pre-tax money in dependent care flexible savings accounts to pay for child care costs. The Senate blocked the effort, so the tax break remains in the law. Parents can continue to set aside up to $5,000, pre-tax, in these accounts.

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