This is what confuses me. Turbo Tax says this:
Box 10 should have an amount only if you have dependents and your employer paid for dependent care benefits. These types of benefits can include:
- Money you put into a flexible spending account and used for out-of-pocket dependent care expenses that your employer will later reimburse you for
- Paid leave used for taking care of young children or disabled family members
- Employee tax benefits offered by your employer as part of a program administered by the IRS for dependent care
If this doesn't apply to you, this box shouldn't have an amount and you can leave it blank.
However my employer doesn't reimburse me. It's my own income deduction that covers it.
I guess what is frustrating is that my tax refund appears to be greater if I add the $5000 back into my income and then the dependent care credit is corrected to the full amount I spent...
