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Deductions & credits
Q. Am I allowed to have both the 2 credits and the DCFSA?
A. Yes, as long as the total $ limit is not exceeded.
TurboTax (TT) will handle this on IRS form 2441. You may only count a maximum of $6000 of child care expenses, for the credit, when you have 2 or more kids. That $6000 must be reduced but the amount of DCB/DCFSA money used. You say you put in $2000, so $4000 is the maximum you can claim for the Dependent Care Credit.
‎February 7, 2020
7:03 AM