Deductions & credits


@jakubdudek wrote:

Thanks,  I have filled out my child care expenses in the "child and dependent care credit" already.  It simply tells me "It turns out you don't qualify for this credit"

If you provided care for one child, the maximum eligible expenses is $3000.  If your FSA is more than that, then you can't claim the credit on top of the FSA.  The FSA is better than the credit for most taxpayers anyway. 

 

If you provided care for 2 or more children, the maximum eligible expenses is $6000, and the maximum FSA is $5000, so it is possible to have an FSA and also have $1000 of eligible expenses for the credit.

 

However, you still need to do that section of the program to create form 2441 so that it resolves the amount of your FSA benefit in box 10 of your W-2.