Since the child care funding in your Flexible Spending Account (FSA) is considered as a pre-tax dollar contribution, you can take the Dependent Care Credit ONLY on the expenses paid exceeding the total amount contributed in the FSA. For example, if you are allowed to put in $5000 in your FSA as a pre-tax contribution , you are not allowed to take the credit unless you spent more than $5000 on the child care expenses.
To deduct the expenses, you need to enter the total amount spent on child care during 2020 only. You have to show child care provider, Employer Identification or social security of provider, amount paid. TurboTax will do the calculation for you.
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