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Get your taxes done using TurboTax
@jumpbaby wrote:
yes, I used roughly 5000 dependant FSA for daycare.
The FSA draws from the same set of rules/same pot of expenses. Your maximum expense eligible for child and dependent care is $6000, if you used an FSA of $4995, then your remaining eligibility would be $1005.
In most cases, the FSA saves you more money than the credit, especially if you are in a state with high state income taxes.
‎July 6, 2020
10:45 AM
313 Views