A Dependent Care Account is a type of flexible spending account (FSA) that allows employees to set aside pre-tax dollars to pay for eligible dependent care expenses. These expenses can include costs for daycare, preschool, or after-school programs for children under the age of 13, as well as care for disabled dependents of any age. By using a Dependent Care Account, employees can reduce their taxable income, which can lead to tax savings. However, there are annual contribution limits, and funds must typically be used within the plan year, making it important to plan expenses carefully.