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Federal law limits the dependent care FSA to $5,000 per year, per household. Married spouses can each elect an FSA, but their total combined election cannot exceed $5,000 per year. If a household were to have withdrawals in excess of the limit, the household would be required to pay income tax on the excess. [citation needed]
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Your adjusted gross income must also fall within certain limits. In tax year 2023, the income cap is $73,000 when married filing jointly, $54,750 for heads of household and $36,500 for single and ...
No one else can claim you as a dependent or qualifying child on their income tax return. ... The earned income credit 2023 income limit is as follows: 0 children: Income must be less than $17,640 ...
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