What you need to know
Child and adult care—if you’re already paying for it, why not take advantage of lowering your taxes? The Dependent Care Flexible Savings Account (FSA) is a way for you to save money for eligible dependent care expenses and lower your taxes.
Save as little as $50 or as much as $5,000 each year—it’s up to you. You don’t pay federal or state taxes on your contributions.
Non-exempt employees: PayPal contributes an additional 15% to your account, up to $652 each year. The total contribution amount is $5,000, including PayPal’s contribution.