Child and Dependent Care Expenses Credit: The Child and Dependent Care Expense Credit is now nonrefundable.
What does DC stand for?
DC stands for Dependent Care (US IRS)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of DC
We have 380 other meanings of DC in our Acronym Attic
- Democrazia Cristiana (Italian: Christian Democratic Party)
- Demokratski Centar (Croatian: Democratic Centre, political party)
- Den Chief (Boy Scouts of America)
- Dendritic Cell
- Dental Corps
- Departamento de Computación (Spanish: Computing Department)
- Department Chief
- Department of Communications
- Department of Conservation
- Departure Control
- Deployment Champion (Lean Six Sigma business leader)
- Deployment Configuration
- Depth Charge
- Deputies Committee (US DoD)
- Deputy Commissioner
- Derrick Coleman (basketball player)
- Descoberta do Conhecimento (Portuguese: Knowledge Discovery; Brazil and Portugal)
- Desert Combat (computer game)
- Desert Crisis (Half-Life modification)
- Design Change
Samples in periodicals archive:
New mobile app eliminates paperwork for healthcare and dependent care pre-tax benefit accounts SAN MATEO, Calif.
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.
1, 2001, allowing employees to set aside up to $5,000 per year in pretax dollars to pay for eligible dependent care expenses.
In addition, pre-tax dependent care accounts are now available to employees of 49 states.
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.