MindyB
Expert Alumni

Get your taxes done using TurboTax

The form will compute that for you.  If you have not entered the child care expenses yet, then you probably are showing $5,000 as taxable on line 26 of Form 2441 currently.  Once you enter the expenses, that will be reduced to zero.  Form 2441 is used for both the Child Care Credit and taxable dependent FSAs.