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Get your taxes done using TurboTax
Ok, you have to answer that your spouse allows you to take the exemption and that you pay for more than half of the cost of maintaining the home to get credit for any DCB. The entire amount won't be excluded but a portion will be. Here's what I finally got assuming there were $5000 in box 10 w-2.
It looks like you don't qualify for this credit because you're Married Filing Separately. It's rare to qualify for this credit when you're Married Filing Separately, but we wanted to be sure we didn't miss it if you did.
We see you've reached the allowable limits for both care expenses and care benefits. When you're Married Filing Separately, the most care expenses you can claim is $2,500 and the most care benefits you're allowed is $5,000. Taking these limits into account, $5,000 of your care benefits weren't spent. This amount will be added to your W-2 as taxable income.
How would I qualify for this credit when I'm Married Filing Separately?
It looks like you don't qualify for this credit because you're Married Filing Separately. It's rare to qualify for this credit when you're Married Filing Separately, but we wanted to be sure we didn't miss it if you did.
We see you've reached the allowable limits for both care expenses and care benefits. When you're Married Filing Separately, the most care expenses you can claim is $2,500 and the most care benefits you're allowed is $5,000. Taking these limits into account, $5,000 of your care benefits weren't spent. This amount will be added to your W-2 as taxable income.
How would I qualify for this credit when I'm Married Filing Separately?
‎June 4, 2019
1:25 PM