Tuition |
*All tuition rates are per month, effective July 1, 2024 through June 30, 2025. Spaces are subject to availability and funding. Enrollment is subject to availability and funding. Drop-in care is based on space available. Contact the Center to request dates of care requested. *Penn Rate: Available to Penn Faculty, Staff, Post Docs, Students, and UPHS employees. ** Assisted Rate: Available to University of Pennsylvania Faculty, Post Docs, and Staff meeting eligibility requirements. Persons in Family Household Assisted A Income Threshold Assisted B Income Threshold4 or fewer $76,111 $91,334 6 $102,003 $111,570 7 $114,949 $137,939 8 $127,894 $153,473 Tax Implications:Under applicable IRS regulations, any subsidies for dependent care provided by the University must be reflected on your Form W-2 as employer-provided dependent care assistance. These subsidies are taken into account in determining the maximum annual exclusion for tax-free employer provided dependent care assistance (currently $5,000 annually). This includes both the University discounted rate and any direct fee reduction approved for eligible families. You will therefore want to take into consideration any University-provided subsidy for Penn Children’s Center in determining your salary reduction election for the University’s Dependent Care Expense Account Plan. The total amount of any subsidies and the total amount of your contributions to the Dependent Care Pre-Tax Expense Account cannot go over the annual limit of $5,000. Any amounts over the IRS limit would be reflected on your W-2 as imputed income. If you have any questions concerning your spending account, you may contact the Penn Employee Solution Center at 215-898-7372..
|