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Get your taxes done using TurboTax
I have entered all of my Childcare expenses for three children that qualify
my qualifying Childcare expenses are $20,000
initially Turbo tax is telling me that we get a $1,200 tax credit - but I know this is not correct because I will loose $1,000 of this credit because I contributed and used $5,000 to a flexible spending account for dependent care via my employer
Where in turbo tax do I enter FSA dependent care dollars so it will properly reduce my child care tax credit down to $200 by reducing the $6,000 of expenses to be consider by the $5,000 FSA deductions from my paycheck ( can not double dip ) so that only $1,000 is considered for the tax credit which in my case will be a $200 tax credit
‎October 15, 2019
8:15 PM
5,402 Views