Congress boosted the credit for 2021. For one child, the maximum eligible expense is $8000 and $16,000 for two or more children, so after the $5000 FSA is accounted for, there is a further $3000 or $11,000 eligible for the credit. The credit percentage was also boosted from 20% to as much as 50%, depending on your income.
The credit goes back to normal for 2022, unless Congress changes the law again.
