If you have only one dependent and used pre-tax dollars ($5,000 in box 10) to pay for dependent care, then the dependent care credit is not available to you. For planning purpose, if you are in higher tax bracket, you would be better off to do it this way (ask employer to withhold the $5k). If you spend less than the $5,000 reported in box 10, the difference between the $5,000 and actual childcare expense is added back to your wages.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
