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Deductions & credits
The dependent care benefit listed on the W-2 is only tax-free if it was used to pay for dependent care expenses. Entering these expenses is how you tell the IRS the benfits were used to pay for them. If you have entered the benefit in Box 10 for the W-2, the program will use it correctly to reduce your care expenses and make the benefit amount non-taxable.
May 31, 2019
11:30 PM