If your child care expenses were covered by the FSA amount, you won't receive the credit so the message you are seeing would be correct. The amount of the qualified expenses you entered will not be added to your taxable income either. The summary screen can be confusing. If it were added to you taxable income, you will see it on Line 1 of your Form 1040. The amount will be your Box 1 wages with the amount of unused benefits with DCB on that line.
Follow these steps to preview your Form 1040 and review Line 1 and the DCB.
- Sign in to your TurboTax account
- Open or continue your return
- Select Tax Tools from the menu (if you don't see this, select the menu icon in the upper-left corner)
- With the Tax Tools menu open, you can then:
- Preview your entire return: Select Print Center and then Print, save or preview this year's return (you may be asked to register or pay first)
- View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu
If you see the full amount added, go back through the Dependent Care screens and make sure you selected and applied the expenses to the correct child(ren) and entered all of the required information for the care giver's facility. The SSN or EIN of the caregiver has to be reported.
@Youzer
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