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Deductions & credits
That's interesting. I was thinking the credit would apply to the amount I was not able to get tax-free. I see now why others have stated the complexity of this credit when planning due to the overlap with the dependent care FSA.
Turbotax may want to look at their message in the "Here's what we have so far" screen for the Dependent Care credit. I found this line confusing, making it seem like expenses over 10500 would be eligible for the credit.
"You have 10500 of employer-provided care benefits. In order to receive this credit, your expenses below must be greater than this amount."
Thank you for your help! Very informative!
‎February 21, 2022
10:32 AM