SPENDING ACCOUNTS
Dependent Care Reimbursement Account
The DCRA allows you to pay certain eligible dependent care expenses with pre-tax dollars.
Maximize your paycheck
Pay for eligible dependent care expenses, tax-free, with the DCRA administered by Optum Financial.
How the DCRA works
When you contribute to a DCRA, your contributions are made on a pre-tax basis and reimbursements for qualified expenses are not taxable. You don’t need to be enrolled in an M&T Bank medical plan to contribute.
| Overview | |
| 2027 Contribution Limit | Up to $7,500 for single individuals and married couples filing jointly; $3,750 for married individuals filing separately.
Note: The amount you elect to contribute becomes available throughout the year as deposits are deducted from your paycheck. |
| Eligible Expenses |
Review the complete list of eligible expenses. |
| Reimbursement | Optum Financial may request receipts for reimbursement. |
| Carryover of Funds | You have until March 31, 2028 to submit claims for reimbursement.
Funds do not carry over. Money left in your account, after all eligible expenses have been reimbursed, cannot be returned to you. You will forfeit any unused balance. |
Calculate your contributions carefully.
You cannot change your contribution mid-year (unless you experience a qualifying life event) or use any funds remaining at the end of the year.
Take action
You must actively enroll in the DCRA for 2027 by 11:59pm ET on November 18. Your current contribution election will not carry over.