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CDCC and dependent care FSA if one spouse has a business with no sales
My wife works full time and I have a one-member LLC which does not yet generate money (no customers). Both kids are at daycare while I'm getting the biz off the ground.
Is my understanding correct that I can't claim the CDCC or even use a dependent care FSA because I'm not making money? Or is there an exception for early-stage businesses? What is the minimum my business must be making in order to claim these credits?
March 13, 2020
6:21 AM