Excellent question Sschendel1989!
You would still be eligible for the Child Tax Credit
The maximum Child and Dependent Care Credit for 2022 is up to $3000 of qualifying expenses for a maximum credit of $1050. It is back to being a non-refundable credit, meaning it can only be applied to taxes owed on the return.
Your childcare payments through your FSA would be applied first, since there are with pre-tax dollars.
Between an AGI of $125,000 and $183,000, the Child and Dependent Care Credit declines by 1% for each $2000 above $125,000.
Here is where all the IRS information on this is located. See page 2 for info on your FSA. I don't believe this has been updated for 2022 yet, so keep your fingers crossed:
https://www.irs.gov/forms-pubs/about-publication-503
Do these help in any way? Please let me know if you are looking for more detail on any one of these.
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