My wife put in the max $5k to her FSA account to pay for my kids' preschool. Why is Turbotax still giving me the $6k child tax credit instead of $1k? We have 3 kids.

Forum|Forum|7 years ago
June 4, 2019
2 replies
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TurboTax Premier Online

Best answer by Bsch4477

Are you confusing child care credit with child tax credit? Child tax credit gives you $2,000 for each child.

Bsch4477

Answer

Level 15

Are you confusing child care credit with child tax credit? Child tax credit gives you $2,000 for each child.

bnozawaAuthor

Level 2

Yes that is exactly what I did. Thanks so much for clearing that up for me!

KarenJ2

Level 13

TurboTax will pick up the $5,000 FSA if it is entered in her W-2 box 10 in TurboTax. TurboTax will then deduct it before calculating the child care credit. Please go back to her W-2 and make sure that box 10 is entered.

You can go to her W-2, after opening your return,

Click on Pick up where I left off
Click on Wages & Income at the top of the page
This should take you to the Great, let's keep getting the details.
Click Edit/Add next to Job (W-2)
Click on Edit next to her W-2

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My wife put in the max $5k to her FSA account to pay for my kids' preschool. Why is Turbotax still giving me the $6k child tax credit instead of $1k? We have 3 kids.

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