In 2022 we spent just over $18,000 in childcare expenses for our two kids that are under the age of 13. Based on the IRS Form 2441 instructions and our AGI, it seems that I am eligible to receive 20% of the $6,000 max credit ($1,200). Turbo Tax is only calculating $200. Do you know why that might be?
Another note, I did have an FSA in which we contributed $5,000 for dependent care.
Thank you in advance.
