keelei24
Returning Member

FSA Dependent care and Child tax care credit

Hi,

 

My husband and I pay $17,000 yearly for child care for one child. My employer is offering the FSA depending care account of $5,000 yearly. We usually split our return 50/50 so I do not want to open this account if its going to lessen the refund amount. Will this lessen our tax refund if I were to open this account for myself?