Dependent Care Accounts help working parents pay for their daycare services on a pre-tax basis. This benefit alone has proven to be a useful tool in recruiting and retaining employees who have children. Now more than ever, both parents in the family are working and daycare is very expensive. If an employee can place their children in a quality daycare it can increase productivity of that employee because they are not worrying about the safely and well being of their kids. Being able to pay their tuition on a pre tax basis, only helps to solidify these feelings.
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