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Deductions & credits
You are not eligible for the credit because your FSA benefits exceed the $8,000 limit per child. This amount is reflected in Box 10 of your W-2s.
The credit is based on a maximum of $8,000 for one child and is reduced for every dollar of childcare you paid using pre-tax income. Since your dependent care from your FSA exceeds $8,000, you cannot claim the credit.
March 6, 2022
7:13 AM