dependent care plan
- A tax-free fringe benefit that a business can provide to eligible employees for the care of their dependents, which is typically a deductible expense for the business
- The company's generous dependent care plan helped ease the financial strain on employees with young children.
- The dependent care plan has become a crucial part of her compensation package, allowing her to balance work and family.
- Due to the tax benefits, the business started a dependent care plan to attract more qualified employees.