The maximum contribution through work is $5,000, regardless of your expenses. The other $5,000 is being added back into income.
- Even though me and my wife contributed to Dependent care FSA, are we still limited to $6000 for both the children? Yes
- Do we need to pay back taxes for $10,232 - $6000 = $4232 ? And why don't I see this number anywhere? I see being taxed for $5000, which doesn't match with $4232. No, that is not the math. It is the amount you over contributed, $5000.
- Where is the number $11,000 coming from in the picture below ? It must be the $6,000 you are allowed to claim plus the $5,000 on your W-2.
