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Acronymfinder

What does DC stand for?

DC stands for Dependent Care (US IRS)


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government

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Samples in periodicals archive:

For more information about the tax rules, see IRS Publication 503, Child and Dependent Care Expenses.
723 that would allow cafeteria plans of all sizes to offer long-term care insurance as an optional benefit; permit the carryover of unused flexible spending account funds; simplify and increase dependent care accounts; and curtail the "use it or lose it" rule, which causes employees to forfeit their own dollars to their employers when the dollars are not spent on health care or dependent care.
The bill also provides for: * The allowance of cafeteria plans of all sizes to offer optional long-term care insurance * Authorization to carry over unused flexible spending account funds * The right to simplify and increase dependent care accounts * Restriction of the "use it or lose it" rule that forces employees to lose the money they have not spent on health care or dependent care.
Create a safe harbor test for determining eligibility for the dependency exemption, head of household (HOH) status, earned income credit (EIC), child credit, and child and dependent care credit, permitting the custodial parent or guardian of a child to claim these tax benefits.