On my W-2 Form, it shows that I have FSA for dependent care for $5000. That was deducted form my paycheck bi-weekly and is paid 100% by me and not my employeer. Box 10 (Dependent care benefits) is blank.
My total child care cost $8044. When I a reporting what I paid for child care, do I dedcut $5000 from the $8044? Therefore, I am only allowed to claim $3044 for childcare?
Even though the $5000 was deducted from my paycheck this was still used to pay the $8044 for childcare and it was all my money not from the company.
