DCAP Benefits definition
DCAP Benefits. $ /year (annual maximum $5,000.00).
Examples of DCAP Benefits in a sentence
I have no reason to believe that the amount of DCAP Benefits I am electing will exceed my applicable statutory limit.
I understand that the amount of DCAP Benefits that I am able to exclude from my income not be more than the $5,000.00 maximum permitted under the Plan.
For example, certain individuals who are married and file a separate tax return can only exclude $2,500.00 of DCAP Benefits from their income.