Hello,
I opted to contribute $1000 towards my dependent care FSA in 2022. My spouse did not work in 2022 and hence no earned income from my spouse. I have following questions:
Since there has been no tax withholding for my $1000 contribution, what I need to do to add $1000 to my taxable income in my tax forms?
I did incur child care (preschool expenses) in the amount of $1850. The child care center provided me an account with Brightwheel through which I paid my child care expenses.
Should I reimburse myself $1000 from Brightwheel since I do have FSA contribution in the amount before Dec 31st ? In this event, Brightwheel will send me form 1099 K.
Or should I not reimburse $1000 from Brighthwheel? Since my spouse did not work.
Am I eligible for child care tax credit for the amount of child care expense ?
Thank you!
